Data from the 73rd annual edition of the Statistical Review of World Energy highlights several key trends. Global primary energy consumption surged to an unprecedented 620 Exajoules (EJ), marking a 2 per cent increase from the previous year. The report was coauthored with KPMG and Kearney.
Fossil fuel consumption also hit a record high, rising by 1.5 per cent to 505 EJ, propelled by coal, which increased by 1.6 per cent, and oil, which saw a 2 per cent rise, surpassing 100 million barrels daily for the first time.
Despite a slight reduction in their share of the energy mix to 81.5 per cent, emissions from energy activities soared by 2 per cent, crossing the 40 gigatonnes of CO2 threshold for the first time.
This story is from the July 2024 edition of Oil and Gas News.
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This story is from the July 2024 edition of Oil and Gas News.
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