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Fossil Fuels Still Supply the Majority of World Energy
The Billings Gazette before Published on May 22, 2020
BP recently released its annual Statistical Review of World Energy 2020, which covers energy data through 2019. This review provides a comprehensive view of supply and demand for major energy sources and global energy data https://www.bp.com/content/dam/bp/business-sites/en/ global/corporate/pdfs/energy-economics/statistical-review/ bp-stats-review-2020-full-report.pdf Highlights from the review: For the 10th consecutive year, the world set a new all-time high for energy consumption, although the growth was 1.3%, which was less than half the 2018 rate of 2.8%. The largest shares of this increase in energy consumption were contributed by renewables (41%) and natural gas (36%). Taken together, fossil fuels accounted for 84% of the world’s primary energy consumption in 2019: oil at 33%, coal at 27%, natural gas at 24%, hydropower at 6%, renewables at 5%, and nuclear power at 4%.
Growth in energy consumption was led by China, followed by India and Indonesia, with the U.S and Germany showing the largest declines in consumption. Although CO2 emissions only grew by 0.5%, that was a fourth consecutive all-time high. Since the 1997 Kyoto Protocol to curb emissions was negotiated, global carbon dioxide emissions have risen by 50%. Oil consumption increased to a new record, although global oil production fell for the first time in ten years, with growth in the U.S being offset by OPEC cuts in production. Natural gas production grew, with U.S. production accounting for nearly two-thirds of the increase, and natural gas consumption rose by 2% in 2019 to a record high of just over 24%. Renewable energy continued an impressive growth streak, increasing to a 10.4% share in power generation. Wind was the largest contributor to this increase, with solar a close second. China led all countries in consumption of renewables, followed by the U.S. and Japan.
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