Despite the promise of a worldwide green recovery in the wake of the COVID-19 pandemic, this historic opportunity has been lost. REN21’s Renewables 2022 Global Status Report sends a clear warning that the global clean energy transition is not happening, making it unlikely that the world will be able to meet critical climate goals this decade. The second half of 2021 saw the beginning of the biggest energy crisis in modern history, exacerbated by the Russian Federation’s invasion of Ukraine in early 2022 and unprecedented global commodity shock.
“Although many more governments committed to net zero greenhouse gas emissions in 2021, the reality is that, in response to the energy crisis, most countries have gone back to seeking out new sources of fossil fuels and to burning even more coal, oil and natural gas,” said Rana Adib, REN21 Executive Director. Below are some highlights from the report:
- The share of renewables in global energy use stagnated in 2021, despite record additions to renewable power capacity.
- Rising energy consumption and a hike in fossil fuel use outpaced growth in renewables.
- The Ukraine war exacerbated a global energy crisis, creating windfall profits for fossil fuel companies while billions of people face the threat of energy poverty.
Read the full report here.