We bring in the star of the week, Ember’s Dave Jones, to discuss the Global Electricity Review 2024, published last week.
Main take aways (thank you Nat Bullard):
- Renewable sources (hydro, wind, solar, geothermal, biomass) are now 30% of global electricity supply.
- Solar generation increased 23% yoy; wind 10%.
- Fossil fuel generation increased 0.8%.
If not for a decline in hydro production, renewables would have met almost the entirety of the global increase in electricity demand.
We are entering a new era of electricity with three great flexors acting on a complex and growing supply mix:
- Continued growth of wind+solar increasing global clean electron supply
- Variations in hydro and nuclear production
- Demand driven by electrification, data, and global wealth
https://ember-climate.org/insights/research/global-electricity-review-2024/ We partner with EcoSummit Berlin, the annual unique gathering for startups and investors to discuss to decarbonise our economy and save our climate. Berlin 4-5 June. If you don’t have your tickets (yet)
https://ecosummit.net/Finally Happy Anniversary to Paul Chapman and his excellent podcast HC Insider who is about to change name to HC Commodities podcast. 200th episode. Really if you are interested in Commodities markets, from Oil to Power to Metals to Ags, Trading , they are the best.
