By James Thornhill
“The report figures are a wake-up call for the world,” said Philippe Vié, global head of energy and utilities at Capgemini. “With global energy demand rising and mostly being met by fossil fuel consumption, the objectives of the Paris accord are looking more distant than ever.”
- India’s energy consumption grew by 4%, with around 59% of its power generation coming from coal
- The European Union leads the world in emissions reduction, with greenhouse gas output falling 2.5% last year and by 22% since 1990
- Global renewable generation rose 14.5% in 2018 as the cost of installing wind and solar power continues to fall
- However, clean energy investment declined by 14% in the first half of 2019 on the same period a year earlier, with policy settings around the world not doing enough to encourage injections of fresh money into the sector
- Clean energy investment in the same period fell by 39% in China and 6% in the U.S., while it rose 10% in India and 35% in the U.K.
- Electric vehicle sales surged 78% in China, 79% in the U.S. and 34% in the EU