Energy

In 2015, total world primary energy consumption increased 1.0%, which is below the 10-year average growth rate of 1.9%. Of this increase, emerging economies accounted for 97% of the increase. Renewable power use continued to grow steadily, representing 3% of global primary energy consumption. The annual average oil price stabilized at $52.39/barrel, a 47% decline; however, oil remains the world’s top fuel source, representing 33% of global energy consumption. Natural gas production increased 1.7% and represented 24% of global energy consumption. Coal consumption fell 1.8%, with the largest decline attributed to the US at 12.7%. Nuclear output increased 1.3%, with China representing the majority of the increase at 28.9%, surpassing South Korea as the fourth largest vendor of nuclear energy. Hydroelectric output increased by 1%, with China accounting for the entire increase. Overall, China’s energy consumption decreased to 1.5% growth, India’s increased 5.3% and the EU’s increased 1.6%; in the US and Japan, however, consumption fell 0.9% and 1.2%, respectively. As of 2016, emerging economies represent 58% of global energy consumption.

Source: BP Statistical Review of World Energy

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