138. Minutes: The Energy Institute’s Statistical Review of World Energy

Redefining Energy

We bring in Nick Wayth, CEO of Energy Institute (EI), for the release of the 73rd Edition of the Statistical Review of World Energy. The Energy Institute Statistical Review of World Energy™ analyses data on world energy markets from the prior year.
Previously produced by bp, the Review has been providing timely, comprehensive and objective data to the energy community since 1952. The Strategic Review is now a collaboration between the EI, KPMG, Kearney and Heriot University. Five key stories emerge from the 2023 data:

1. Record global energy consumption, with coal and oil pushing fossil fuels and their emissions to record levels
2. Solar and wind push global renewable electricity generation to another record level
3. Ongoing Ukraine conflict cements gas rebalancing in Europe
4. Dependence on fossil fuels in major advanced economies is likely to have peaked
5. Growth economies struggle to curb fossil fuel growth, but renewables accelerate in China

Although we disagree on the message and question the concept of Primary Energy (super misleading), we salute the consistency and comprehensiveness of that Report. Keep them coming.
https://www.energyinst.org/statistical-review