Driven by wind and solar energy, the growth of renewable energy has reached a record level, accounting for more than 40% of the primary energy growth in 2019. This is mentioned in the 69th edition of BP World Energy Statistics Yearbook (hereinafter referred to as the Yearbook).
According to the Yearbook, the energy consumption of renewable energy (including biofuels) has reached a record high (3.2ej). This is also the biggest year for any energy growth in 2019. Wind energy contributed the most to the growth of renewable energy (1.4ej), followed by solar energy (1.2ej).
By country, China is the largest contributor to renewable energy growth (0.8ej), followed by the United States (0.3ej) and Japan (0.2ej).
Hydropower consumption growth was below the average of 0.8%, with China (0.6ej), Turkey (0.3ej) and India (0.2ej) leading.
Nuclear energy consumption increased by 3.2% (0.8ej), the fastest growth since 2004. China (0.5ej) and Japan (0.1ej) provided the largest increase.
According to the Yearbook, global power generation will grow by only 1.3% in 2019, about half of the ten-year average. China accounts for more than 90% of global net growth.
Among them, renewable energy generation increased the most, with its share in power generation increased from 9.3% to 10.4%, surpassing nuclear power for the first time. Next is natural gas. The share of coal power generation fell by 1.5 percentage points to 36.4%, the lowest in our data set since 1985.
However, it can be seen that the energy structure is still not optimistic. In the next three decades, renewable energy needs to grow more strongly to achieve the goal of decarbonization in the power industry.
Low carbon transformation is an important long-term issue for international oil companies. Even under the disturbance of low oil price and new crown epidemic, the goal of net zero and corresponding investment have not changed.
"The net zero scenario can be achieved in 2050. At present, many zero carbon energy sources and technologies have emerged. The challenge lies in how to promote the application quickly and how to use them in proportion on time. I'm optimistic about that. " Bernard Looney, BP's chief executive, said.
The Yearbook points out that to achieve net zero emissions by 2050, the world needs to reduce carbon emissions in the same way every other year in the next 25 years, that is, 2.6 billion tons of emissions reduction.
This can only be achieved through fundamental changes in behavior, that is, through more effective use of resources and energy, the implementation of all technologies mastered in zero carbon and low-carbon energy, including renewable energy, electrification, hydrogen, CCUs (carbon capture, utilization and storage), bioenergy, etc.
From the perspective of consumption, China has become the largest contributor to the increase of global energy consumption, accounting for more than three quarters of the global net growth. In the vision of net zero, China's energy policy choice and path will directly affect the pattern of global energy consumption in the future.