The Renewable Boom Has Barely Impacted Oil & Gas ...Middle East

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The Renewable Boom Has Barely Impacted Oil & Gas
source : OILPRICE ( Middle East ) () 31
A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and installations continue to soar to record highs. But oil, gas, and coal still represent over 80 percent of final energy consumption, despite the rising share of renewable energy in the world’s total energy consumption. Fossil fuel use around the world hasn’t retreated despite the avalanche of net-zero pledges, significantly increased support to clean energy from governments,…

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