Growing demand overshadows progress in renewable energy
According to a report by the think tank Ember, by 2024, over 40% of the world's electricity will come from renewable sources. However, this does not address the problem of increasing energy demand and, consequently, the continuously rising carbon dioxide emissions that contribute to climate warming.
Carbon dioxide emissions are increasing year on year, driving the climate crisis. The rise in emissions is caused by the ever-growing demand for energy and changing weather conditions, leading to more frequent use of air conditioning. As highlighted in the report by Ember, a growing percentage of electricity production is being generated from eco-friendly sources. Although 2024 is set to be a record year for obtaining electricity from renewable energy sources, it is still insufficient.
Demand is constantly increasing
Solar energy is currently the fastest-growing energy source globally. Over the past three years, energy production from solar panels has doubled. This dynamic growth illustrates the critical role solar energy plays in the global energy mix.
Despite the increase in the share of renewable energy, demand continues to outpace its production. In 2024, global energy consumption is expected to rise by 4%, contributing to an increase in CO2 emissions to approximately 16.1 billion tonnes.
China is the largest producer of solar energy
China is one of the largest investors in and producers of solar energy. It hosts some of the largest photovoltaic farms, including Huanghe Hydropower Golmud Solar Park. China leads in solar energy development, accounting for over half of the global growth. In addition to China, significant growth was recorded in India, which increased its production capacity between 2023 and 2024.
Despite its rapid development, solar energy accounts for only 7% of global energy production. For comparison, wind energy constitutes 8%, and hydroelectric 14%. Although renewable energy sources are developing, their growth cannot keep up with the increasing energy demand, hindering the reduction of greenhouse gas emissions.
