US Lags Behind Renewables as Countries Worldwide Hit Major Turning Point

Benzinga
Benzinga
  • 13 days ago
A global report indicates that 2023 likely saw the peak of electricity generation and greenhouse gas emissions from fossil fuel-fired power plants, a significant shift as renewables now account for 30% of global electricity. Electricity from fossil fuels is projected to decline by 2% in 2024 and continue falling long-term as the renewable transition accelerates. However, without the US, global gas use for electricity would have declined in 2023, but the US significantly ramped up gas generation.

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