10 Myths in the Energy and Climate World

Myth n°1

Renewables are the n.1 source of electricity production globally: This is false. Coal is the king and by a (long) distance

Myth n°2

Electricity is equal to energy: This is wrong! Electricity accounts for less than 25% of the total energy consumed

Myth n°3

Coal demand is declining: this is false – electricity from coal is at new record highs and total coal demand might see a new record in 2022!

Myth n°4

Oil consumption is driven by cars: Again, this is false. Petrochemicals, trucks and panes (pending Covid-19) are key drivers of oil demand globally

Myth n°5

 Covid-19 is equal to peak oil demand. Actually, oil demand in 2022 is expected to be already higher than pre-Covid-19

M️yth n°6

 Power is the number 1 source of emissions: This is false, as more than 60% comes from the industry, transport, etc

Myth n°7

The Majors dominate the oil and gas industry: this is false. Those companies account ‘only’ for 12% of total global oil and gas reserves and 15% of total global production​

Myth n°8

We are at the start of the end of the fossil fuels era: This is (dramatically) wrong. Those still account for almost 80% of the total, exactly as 30 years ago

Myth n°9

Wind and solar dominate low carbon power generation: This is also (still) false. In fact, hydropower leads, followed by nuclear!

Myth n°10

Global greenhouse gases emissions have finally peaked: unfortunately everything points towards a new all-time records in 2022…

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