Coal prevailed in 2022, but renewables continue to rise
With the Russian encroachment on Ukraine in energy markets, by 2022 the countries burned exceptional amounts of coal,
but also invested heavily in renewables. Professionals project that the world will add as much renewable energy in the next five years
as it has in the last 20, with renewables unexpectedly surpassing coal to become the world's largest power source.
After the conflict in Ukraine imposed sweeping sanctions against Russia, a major trader in plant fuels, the reduction in fuel components
led to a resurgence in coal. In China, extreme drought has also curtailed hydropower and boosted demand for coal. Although demand rose better around 1 percent
“There are many signs that today's catastrophe is accelerating the deployment of renewable energy, electric efficiency and heat pumps,
With the Russian encroachment on Ukraine in energy markets, by 2022 the countries burned exceptional amounts of coal,
as it has in the last 20, with renewables unexpectedly surpassing coal to become the world's largest power source.