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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Energy demand worldwide continues to grow
Global energy demand accelerated in 2013, but the continuing slow growth of the global economy meant that this growth reached 2.3% – slightly below the historical average of 2.5%.
The figures come from the BP Statistical Review of World Energy 2014, and within this global picture, shifts in energy consumption patterns are apparent. In 2013, the growth in energy consumption in the world’s emerging economies slowed below its long-term average to 3.1%, driven mainly by slower growth in China. However in the mature economies consumption grew by a higher-than average rate of 1.2%, mainly due to the US. This resulted to a narrowing of the gap between OECD and non-OECD growth to levels not seen since 2000, according to the figures.
The report also highlights how geopolitical events can affect energy production, with Libya suffering the single largest decline in production in 2013, while the US substantially increased production from its continuing shale success. Oil prices remained fairly stable at levels over $100 per barrel throughout the year.
The report finds that renewables now account for more than 5% of global power output and, including biofuels, for around 3% of primary energy consumption – a record.
Oil remains the world’s leading fuel, its use making 33% of global energy consumption, but its current market share is the lowest it has ever been in BP’s dataset. Coal consumption grew by 3% in 2013, well below the 10-year average of 3.9% but it is still the fastest-growing fossil fuel according to BP. Coal’s share of global primary energy consumption reached 30%, the highest since 1970.
News Item details
Journal title: Energy World
Keywords: energy demand
Countries: Worldwide -
Subjects: Biofuels, Coal, Shale gas, Oil, Shale oil, Solid fossil fuels and derived products
