In the following, Samuel Furfari highlights a report that reveals the EU is clinging to the pretence of leading an “energy transition” as Europe declines under the weight of “green” climate policies.
An Energy Institute report reveals a Europe clinging to the pretence of leading an “energy transition” as the continent declines under the weight of climate policies whose quixotically utopian objectives are negated elsewhere by fossil fuel-supported economic growth.
Data from the 75th edition of the annual ‘Statistical Review of World Energy‘ will surprise only those ignoring the facts: The world continues to depend massively on fossil fuels [more correctly, hydrocarbon fuels]. Solar and wind technologies, while expanding, still lag ever-rising energy demand, which last year reached a record 600 exajoules. (That’s 600 quintillion joules, where a joule is equal to the work necessary to create one watt of power for one second.)
Of total primary energy consumption, 86% came from fossil fuels – oil at 33.5%; coal, 27.6%; and natural gas, 25.1%. Accounting for just 3% were solar and wind, which are heavily promoted by the European Commission over the much-demonised hydrocarbons.
From 2015-2025, the first decade of the Paris Agreement on climate change, global energy consumption rose more than 14%, with sharply contrasting dynamics. European Union use declined about 1% annually, while consumption in the Asia-Pacific region grew 2.6%....<<<Read More>>>...