One of the best overviews of global energy markets in these turbulent times, here’s this years edition of bp Statistical Review of the World.
The challenges and uncertainties facing the global energy system are at their greatest for almost 50 years. bp’s Statistical Review of World Energy 2022 reveals that the growing shortages and increasing prices highlight the continuing importance of energy ‘security’ and ‘affordability’ alongside ‘lower carbon’ when addressing the energy trilemma.
Energy developments
– Primary energy demand increased by 5.8% in 2021, exceeding 2019 levels by 1.3%.
– Between 2019 and 2021, renewable energy increased by over 8EJ. Consumption of fossil fuels was broadly unchanged.
– Fossil fuels accounted for 82% of primary energy use last year, down from 83% in 2019 and 85% five years ago.
Source – bp
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bp Statistical Review of the World.