From EMBER
They haven't released 2024 data yet. But assuming the share of clean electricity rises by just 10% per annum, that means it will rise by 4 percentage points a year. This is faster than the rise in global electricity demand. Of course, from year to year, demand will fluctuate according to the business cycle, while green supply will fluctuate because of droughts (in the case of hydro). But the average over a couple of years will show that demand is rising by 3 to 3.5% per annum, while green supply is rising faster than that.
So, even if fossil fuel generation didn't peak in 2023, it will peak in 2024 or 2025. Since EVs and PHEVs continue to rise as a percentage of new car sales, and therefore of the existing fleet, and since electricity generation and transport together contribute to ~50% of emissions, total global emissions have prolly peaked or will soon. That's good news. What's not good news is that they won't be falling anywhere near fast enough. But at least they will be falling.
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