BP: Fossil fuels account for 84% of the global energy market
Release Date: 2020-07-06   |   Concen: 350

This week, BP released its Statistical Review of World Energy 2020. The report covers energy data through 2019 and provides a comprehensive picture of major energy supply and demand at the country level.

The annual report is one of the most important sources of global energy data. It is a major source of data for companies, government agencies and ngos.

Primary energy consumption grew 1.3 percent last year, less than half the rate of growth in 2018 (2.8 percent). Still, it was the world's tenth consecutive year of record energy consumption.

Renewable energy accounted for 41 percent of the increase in energy consumption. Natural gas accounted for the second largest increase, at 36 per cent. As a percentage of total energy consumption, however, oil remains at the top of the list, accounting for 33 per cent of all energy consumption. The rest of global energy consumption comes from coal (27 per cent), natural gas (24 per cent), hydropower (6 per cent), renewable energy (5 per cent) and nuclear (4 per cent).

Collectively, fossil fuels will still account for 84 percent of the world's primary energy consumption in 2019.

Three-quarters of the growth in global energy consumption came from China, followed by India and Indonesia. The us and Germany saw the biggest declines.

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