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The Conversation
The Conversation
Environment
Malte Jansen, Lecturer in Energy and Sustainability, University of Sussex

Renewables are cheaper than ever yet fossil fuel use is still growing – here’s why

Wind and solar are the world’s fastest growing energy sources and together generated 12% of global electricity in 2023. The amount of energy produced by wind and solar is expected to increase and accelerate.

Wind generated 1 terawatt (TW) for the first time in 2023 – nearly as much as the total installed energy capacity of the US (1.2 TW). Solar broke this threshold in 2022.

So why in the first global stocktake of the world’s progress towards limiting warming to 1.5°C did the UN say we’re still not phasing out fossil fuels fast enough?

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