2023: a year of records in energy
2023: a year of records in energy
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Natural Gas News
2023: a year of records in energy
Summary
2023 was a year of record highs and record lows in the global energy sector. by: Thierry Bros
There is a great mismatch between dominant climate narratives and the reality facing the global energy sector. 2023 will be a record year in terms of worldwide coal, oil and gas production and consumption. As expected COP28 was much ado about nothing and, unless there is a massive worldwide recession, 2024 should beat 2023 on all those metrics. Let’s turn to the EU Commission, which is asking coal, oil and gas-producing countries to phase out their own output, while setting over-ambitous domestic green deman...
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Natural Gas & LNG News, Europe, Expert Views, Security of Supply, News By Country, EU
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.