Subscriptions
News
Updated Jul 1, 2022

Global energy consumption soars

A report by BP into a statistical review of global energy, estimates that global energy consumption has surpassed pre-pandemic levels.

In 2021 demand for global primary energy levels increased by 5.8%, up 1.3% from 2019 levels.

The report suggests this equates to a 31 exajoules (EJ) increase in 2021, the largest increase in history.

BP's report stated that almost 13% of global power generation in 2021 came from renewables, with nuclear energy generating 9.8% globally.

As economic activity increased after lockdown restrictions the demand for energy increase sharply.

Chief Economist at BP, Spencer Dale, said: "In many ways, this sharp rebound in energy demand is a sign of global success, driven by a rapid recovery in economic activity as the widespread distribution of effective vaccines allowed for an easing in Covid-19 restrictions in many parts of the world and a return to our everyday lives. But it also highlights that the pronounced dip in carbon emissions in 2020 was only temporary."