Energy Institute Statistical Review of World Energy 2024

• Historic Energy Consumption: Global primary energy consumption overall was at a record absolute high, up 2% on the previous year to 620 Exajoules (EJ).
• Emissions and Fossil Fuel Use: Despite a year of extraordinary growth in renewables, fossil fuel consumption and emissions reached new peaks.
• Renewable Energy Surge: Competitive wind and solar power drove record renewable energy generation.

Advanced Economies:

Growth Economies:

China's Energy Transition:

Peak Fossil Fuel Demand? Europe saw fossil fuel usage drop below 70% for the first time since the industrial revolution. The US saw a slight decline in fossil fuel consumption to just over 80% of its primary energy.

Rising Carbon Intensity: Fossil fuel use is accelerating in India and many African nations, outpacing the growth of renewables.

India's Coal Consumption: For the first time, India's coal use surpassed that of North America and Europe combined.

Decreasing Fossil Fuel Proportion: The share of fossil fuels in China's primary energy mix has been decreasing since 2011, though absolute consumption remains high.

Renewable Energy Growth: Global primary energy consumption overall was at a record absolute high, up 2% on the previous year to 620 Exajoules (EJ).

Copper and Battery Minerals:

China's Dominance:

Steady Growth: Copper production has grown at just under 2% annually over the past decade.

Battery Technology Minerals: Minerals essential for batteries, like lithium and graphite, continue to see robust growth.

Leading Producer and Consumer: China leads in the production and consumption of refined cobalt, vital for lithium-ion batteries, and supplies significant portions of the world's lithium and graphite.