For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Institute and KPMG in a report titled 2024 Statistical Review of World Energy.
As for rising carbon intensity, fossil fuel use was accelerating in India and many African nations, outpacing the growth of renewables, the organisations observed.
Anish De, Global Head for Energy Natural Resources & Chemicals, KPMG International said, “The 2024 report confirmed some of our apprehensions. Globally, energy demand has gone up 2% and emissions exceeded 40 Gross Tonnage for the first time, rapidly eating into the available carbon budget. Although the contribution of renewables has risen, in absolute terms all fossil fuels are also hitting all-time highs. ‘‘
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
