Energy is the heartbeat of the modern economy. From driving innovation to sustaining societies, ensuring a reliable energy framework remains a top line agenda for governments across the globe. But as geopolitical rifts and climate issues threaten the future of energy security, how can countries secure access to abundant, affordable and sustainable energy?
In the latest Statistical Review of World Energy report, we take a deep dive into market trends affecting the energy landscape by analysing data on energy production, consumption, and emissions produced in 2022. This includes key insights into how our energy systems are adapting to escalating environmental and geopolitical crises and its impact on supply, price and the climate.
On 26 June, Simon Virley CB FEI, Sector Head of Energy and Natural Resources and Vice-Chair, KPMG in the UK, joined a panel of professionals as part of the live launch event for the report. Click here to watch the session and gain new perspectives from the panelists as they dissect key factors affecting the energy evolution.
Powering the world: 5 key trends shaping the energy landscape
- In a post-Covid world, transport fuel demand patterns are increasingly returning to pre-Covid levels but with major variations across geographies and fuel types.
- The Ukraine conflict precipitated record international gas prices and unprecedented shifts in global oil and gas trade flows.
- The record deployment of wind and solar in the power sector accounted for around 84% of net electricity growth.
- Global primary energy consumption grew by 1%, with the dominance of fossil fuels barely dented at 82%.
- Global energy-related emissions continued to increase by almost 0.8%, with use of higher carbon fuels negating strong growth in renewables.
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