The developing world is still reliant upon coal, gas and oil for the majority of its energy needs, according to the Energy Institute.
Global consumption of fossil fuels such as coal and oil climbed to a record high last year, causing emissions to rise above 40 gigatonnes of carbon dioxide for the first time, said a report released by the Energy Institute.
Fossil fuel consumption rose by 1.5% to 505 exajoules, despite a concurrent rise in the use of renewable energy in 2023.
While advanced economies may have reached peak emissions from the energy sector, developing economies are continuing to increase their use of coal, gas and oil, according to the report.
Fossil fuels made up 81.5% of the world’s total consumption of energy, down from 82% a year before.
Oil consumption was up 2% to above 100 million barrels for the first time.
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