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bp: Statistical Review of World Energy

The bp Statistical Review of World Energy highlights the global energy trends emerging prior to the current COVID-19 pandemic. 

While some aspects – such as the continuing strong growth in renewables – offer encouragement that the world is moving onto a more sustainable path, others – including continuing persistent growth in carbon emissions – underline the scale of the challenge for the world to reach net zero. 

The growth registered in primary energy consumption slowed to 1.3 per cent in 2019, less than half the rate of growth the previous year (2.8 per cent). Carbon emissions from energy use grew by 0.5 per cent in 2019, only partially unwinding the unusually strong growth of 2.1 per cent seen in 2018.  Average annual growth in carbon emissions over 2018 and 2019 was greater than its 10-year average. 

Renewables contributed their largest increase in energy terms on record as they accounted for over 40 per cent of the global growth in primary energy last year, more than any other fuel. Their share in power generation (10.4 per cent) also surpassed nuclear for the first time. On the other hand, natural gas consumption increased by 2 per cent, well below the exceptional growth seen in 2018, but its share of primary energy still hit a record high (24.2 per cent).

Read the full publication here.

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