The power sector is about to enter a “new era of falling fossil generation” as coal, oil and gas are pushed out of the grid by a record expansion of wind and solar power, according to new analysis by climate think tank Ember. 

Wind and solar power reached a record 12% of global electricity generation last year, according to Ember’s global electricity review 2023. This drove up the overall share of low-carbon electricity to almost 40% of total generation.

With even faster growth set to continue this year, Ember says 2022 is likely to mark a “turning point” when global fossil fuel electricity generation peaked and began to fall.

The think tank forecasts that, by the end of 2023, more than 100% of the growth in electricity demand will be covered by low-carbon sources. 

Experts broadly agree that global electricity generation needs to be completely decarbonized by 2040 if the world is to stay on track for its climate targets. 

Ember says rapidly […]