According to the International Energy Agency’s latest assessment of global energy consumption and energy-related CO2 emissions, global energy demand has grown at the fastest ever rate worldwide.
About the Report:
The Global Energy & CO2 Status Report provides a snapshot of recent global trends and developments across fuels, renewable sources, and energy efficiency and carbon emissions, in 2018.
Findings:
Global energy consumption in 2018 increased at nearly twice the average rate of growth since 2010, driven by a robust global economy and higher heating and cooling needs in some parts of the world. Demand for all fuels increased, led by natural gas, even as solar and wind posted double digit growth. Higher electricity demand was responsible for over half of the growth in energy needs. Energy efficiency saw lacklustre improvement. As a result of higher energy consumption, CO2 emissions rose 1.7% last year and hit a new record.
Energy consumption worldwide grew by 2.3% in 2018, nearly twice the average rate of growth since 2010, driven by a robust global economy as well as higher heating and cooling needs in some parts of the world.
The biggest gains came from natural gas, which emerged as the fuel of choice last year, accounting for nearly 45% of the increase in total energy demand. Demand for all fuels rose, with fossil fuels meeting nearly 70% of the growth for the second year running. Renewables grew at double-digit pace, but still not fast enough to meet the increase in demand for electricity around the world.
As a result of higher energy consumption, global energy-related CO2 emissions increased to 33.1 Gt CO2, up 1.7%. Coal-fired power generation continues to be the single largest emitter, accounting for 30% of all energy-related carbon dioxide emissions.
Higher energy demand was propelled by a global economy that expanded by 3.7% in 2018, a higher pace than the average annual growth of 3.5% seen since 2010. China, the United States, and India together accounted for nearly 70% of the rise in energy demand.
The United States had the largest increase in oil and gas demand worldwide. Gas consumption jumped 10% from the previous year, the fastest increase since the beginning of IEA records in 1971. The annual increase in US demand last year was equivalent to the United Kingdom’s current gas consumption.
Weather conditions last year were also responsible for almost a fifth of the increase in global energy demand as average winter and summer temperatures in some regions approached or exceeded historical records. Cold snaps drove demand for heating and, more significantly, hotter summer temperatures pushed up demand for cooling.
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