GLOBAL ENERGY
3 Charts showing global energy demand, production & consumption
Good news and bad news: While fossil fuels demand has continued to climb, renewables are catching up quickly
Global energy demand, production, and consumption are experiencing significant shifts as the world transitions from fossil fuels to renewables. This transition is driven by various factors, including concerns over climate change, the need for energy security, and advancements in renewable energy technologies. While the transition from fossil fuels to renewables is progressing, challenges remain.
These include ensuring reliable and affordable renewable energy access, addressing intermittency issues, transitioning heavily dependent regions or industries, and managing the social and economic impacts of the shift. However, concerted global efforts and continued advancements in renewable energy technologies offer promising prospects for a more sustainable and diversified global energy landscape.
BP Plc, a prominent oil major, has been publishing its Statistical Review of World Energy for nearly seven decades — providing comprehensive data on global hydrocarbon reserves, consumption, power generation, and even crucial metals prices related to the energy transition…
