Russia’s invasion of Ukraine is still impacting power emissions and generation globally, especially in the EU. EU’s Fossil fuel consumption showed a decline in the first six months of 2023, resulting in a 17pc drop in power emissions. This contributed to a 1pc decrease in global power emissions in the first half of 2023, leading to a stabilization in emissions from the global power sector.
On the other hand, the EU has increased its wind and solar generation, accounting for 27pc of its power and contributing to an 11pc increase in global growth during the same period in 2023. Although its generation has increased, the growth rates of wind and solar power were lower than the global average.
Globally, there is a general decrease in fossil fuel generation. The US has reduced its output by 27pc, contributing to an 8.6pc decrease in the country’s overall emissions, while Japan’s generation was down by 14pc, leading to an overall 12pc decline in its power emissions.