Global primary energy consumption grew rapidly in 2018, led by natural gas and renewables. Nevertheless, carbon emissions rose at their highest rate for seven years.
- Primary energy consumption grew at a rate of 2.9% last year, almost double its 10-year average of 1.5% per year, and the fastest since 2010.
- By fuel, energy consumption growth was driven by natural gas, which contributed more than 40% of the increase.
- All fuels grew faster than their 10-year averages, apart from renewables, although renewables still accounted for the second largest increment to energy growth.
- China, the US and India together accounted for more than two thirds of the global increase in energy demand, with US consumption expanding at its fastest rate for 30 years.
- Carbon emissions grew by 2.0%, the fastest growth for seven years.
Bob Dudley, Group chief executive of BP, commented that “much of the rise in energy growth last year can be traced back to weather-related effects, as families and businesses increased their demand for cooling and heating in response to an unusually large number of hot and cold days. The acceleration in carbon emissions was the direct result of this increased energy consumption.” He went on to say, “Even if these weather effects are short-lived, such that the growth in energy demand and carbon emissions slow over the next few years, there seems little doubt that the current pace of progress is inconsistent with the Paris climate goals. The world is on an unsustainable path: the longer carbon emissions continue to rise, the harder and more costly will be the eventual adjustment to net-zero carbon emissions. Yet another year of growing carbon emissions underscores the urgency for the world to change.”
Read the full report…