Energy Institute 2023 Statistical Review of World Energy

KPMG is proud to be working in association with the Energy Institute 2023 Statistical Review of World Energy. The Statistical Review compiles and analyzes data on world energy production, consumption, and emissions from the prior year. It has been providing timely, broad-ranging, and objective data to the energy community since 1952. It is free for users to access. 

The 2023 Statistical Review of World Energy was released in June 2023. Simon Virley CB FEI, Sector Head of Energy and Natural Resources and Vice-Chair, KPMG in the UK, joined a panel of energy in conjunction with the launch of the report. The panelists had a thought-provoking discussion on the latest trends in energy production, consumption, and emissions from the prior year. You can replay the report's launch session on demand here.

Five interesting insights from the 2023 Statistical Review are:

• Post-COVID, transport fuel demand patterns continued to return, 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.
• 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 grow, up 0.8%, with use of higher carbon fuels negating strong growth in renewables.