CURRENT AFFAIRS

Detailed explanation-1: -The International Energy Agency (IEA) said on October 26, 2022 it believes global emissions will peak in 2025 as surging energy prices due the Russian invasion of Ukraine propel investment in renewables.

Detailed explanation-2: -Natural gas fuels 38% of U.S. electricity generation in 2022, up from 37% in 2021, but we forecast it to fall back to 36% in 2023. Coal-fired electricity generation falls from 23% of the U.S. total last year to 20% in 2022 and 19% in 2023.

Detailed explanation-3: -Our Global Energy Perspective 2022 provides insights into the longer-term trends that will continue to be essential in shaping future energy systems. Leading up to COP26, a total of 64 countries have pledged or legislated achieving net zero in the coming decades.

Detailed explanation-4: -The World Energy Outlook 2022, provides critical analysis and insights on trends in energy demand and supply. The 2022 report explores key questions about the energy crisis: Clean energy transitions. Government responses shape energy markets.

Detailed explanation-5: -According to the World Energy Outlook Report, 2022, India’s coal requirements are increasing and will peak in the coming decade but will be followed by a steep decline in coal demand as the deployment of renewables in the power sector picks up.