· 2 min read
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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