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Our US$10 trillion global energy bill dwarfs what’s needed to limit global heating

By Stephen Peake, Professor of Climate Change and Energy, The Open University
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The world’s energy bill for 2022 is set to be the highest ever, topping US$10 trillion (£8.3 trillion). This is the total price paid for all forms of energy across all sectors by all people. Something like 80% of this bill is for coal, oil or gas, or for electricity generated from these fossil fuels.

Our addiction to energy is equivalent to more than 10% of global GDP.…The Conversation


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