Shulou(Shulou.com)11/24 Report--

CTOnews.com June 26, the World Energy Statistics Yearbook 2023 was released in the UK yesterday. According to the yearbook, global energy demand grew by 1 per cent last year, but record growth in renewable energy has not changed the dominance of fossil fuels, which still account for 82 per cent of the global energy supply.

Tuyuan Pexels report pointed out that after the outbreak of the conflict between Russia and Ukraine, there was turmoil in the energy market, causing natural gas and coal prices in Europe and Asia to hit record highs. On the other hand, the dominance of oil, natural gas and coal products will be further consolidated in 2022, despite an all-time 266GW increase in renewable energy installed capacity.

CTOnews.com has previously reported that one of the goals of the Paris Agreement is to limit the rise in global temperatures to no more than 2 ℃ this century, which will be even lower than before industrialization. But some scientists recently pointed out that global greenhouse gas emissions will need to be reduced by about 43% by 2030 compared with 2019 to achieve this goal.

BP has published the World Energy Statistics Yearbook every year since the 1950s, but announced last year that it would no longer publish the yearbook from 2023 and that it would be handed over to the British Energy Institute (Energy Institute). This year's yearbook was completed by the British Energy Institute, KPMG and Carney Consulting.

Here are some of the main points in the report:

Consumption

Global demand for primary energy grew by about 1 per cent, down from 5.5 per cent last year, but still about 3 per cent higher than it was before the 2019 outbreak.

With the exception of Western Europe, energy consumption is increasing all over the world, including Eastern Europe.

Renewable energy (excluding hydropower) accounts for 7.5% of global energy consumption, an increase of about 1% over the previous year.

Fossil fuels still account for 82% of global energy consumption.

Electricity generation increased by 2.3%, slowing down from the previous year. Wind and solar power generation rose to a record 12 per cent, surpassing nuclear power again (down 4.4 per cent) and meeting 84 per cent growth in net electricity demand.

Coal still dominates power generation, at about 35.4%.

Petroleum

Oil consumption increased by 2.9 million b / d to 97.3 million b / d, slowing down from the previous year.

Oil consumption has fallen by 0.7% compared with pre-epidemic levels in 2019.

Most of the increase in oil demand comes from a recovery in demand for jet fuel and gasoline-related products.

Oil production is growing by 3.8 million barrels a day, with the largest share coming from OPEC members and the United States, with Nigeria falling the most.

Refinery production is growing by 534000 barrels a day, mainly from non-OECD countries.

Natural gas

With record prices in Europe and Asia, global gas demand fell 3 per cent, but still accounted for 24 per cent of primary energy consumption, slightly lower than last year.

Natural gas production is relatively stable compared with the same period last year.

Liquefied natural gas (LNG) production rose 5 per cent to 542 billion cubic meters, unchanged from the previous year, with most of the growth coming from North America and the Asia-Pacific region.

Europe contributed significantly to the growth in LNG demand, with imports increasing by 57 per cent, while Asia-Pacific and South and Central American countries reduced their purchases.

Japan overtook China as the world's largest importer of liquefied natural gas.

Coal

Coal prices hit an all-time high, rising 145% in Europe and 45% in Japan.

Coal consumption rose 0.6 per cent, the highest level since 2014, driven mainly by demand from China and India, while consumption fell in North America and Europe.

Coal production increased by 7% over the previous year, with China, India and Indonesia contributing most of the growth.

renewable energy

Growth in renewable energy (excluding hydropower) slowed slightly to 14 per cent, but solar and wind installed capacity still grew by a record 266 GW, with solar accounting for the largest share.

China has added the most solar and wind energy.

Discharge amount

Global energy-related emissions rose 0.8% to 39.3 billion tons of carbon dioxide equivalent, an all-time high.

Mineral substance

The price of lithium carbonate rose 335%, and the price of cobalt rose 24%.

Lithium and cobalt production increased by 21%.

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