Wednesday, June 26, 2024

Statistical Review Of World Energy expose the myth of the energy transition & show hydrocarbons are growing faster than alt-energy

Neither do the numbers in the latest Statistical Review of World Energy.

Amid the ongoing blizzard of propaganda about the "energy transition" and the tired antics of the goobers from Just Stop Oil - a pair of whom vandalized Stonehenge with orange paint last Wednesday - the Statistical Review, published by the Energy Institute, KPMG, and Kearney, provides a much-needed reality check to the narrative being promoted by major media outlets, academics, and the NGO-corporate-industrial-climate complex.

The new Statistical Review, released last Thursday, shows, yet again, that despite the hype, subsidies, and mandates, wind and solar energy aren't keeping pace with the growth in hydrocarbons.

About 32% of that juice was generated in China, where electricity production surged by nearly 7%. The U.S. came in a distant second in power generated, with 4,494 TWh. Domestic power production dropped by about 1% last year.

Power generation in India also increased by about 7% last year to a record 1,958 TWh, 75% of which came from coal-fired power plants.

" I've updated it with the latest figures from Bloomberg New Energy Finance and the Statistical Review.

Chart 7 As I noted last December in "Two Days After COP28, IEA Delivers More Coal Hard Reality," the International Energy Agency has been predicting a decline in global coal demand for years.

https://wattsupwiththat.com/2024/06/26/numbers-dont-lie/ 

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