India's consumption of fossil fuels increased by 8% in 2023, accounting for almost all of the growth in demand and representing 89% of total consumption, according to a report. For the first time, India used more coal than Europe and North America combined, according to an Energy Institute (EI) report.
EI and co-authors KPMG and Kearney released the 73rd annual edition of the Statistical Review of World Energy, introducing interestingly full worldwide energy data for 2023. The report suggests that five major stories emerge from the data in 2023. The first one is that there will be a record amount of energy consumed worldwide, with coal and oil pushing fossil fuels and their emissions to new highs.
"Global primary energy consumption overall was at a record absolute high, up 2 percent on the previous year to 620 Exajoules (EJ). Global fossil fuel consumption reached a record high, up 1.5 per cent to 505 EJ (driven by coal up 1.6 per cent, oil up 2 per cent to above 100 million barrels for first time, while gas was flat)," said the report.
They were at 81.5% of the total mix, which was slightly lower than the 82% they had last year. Emanations from energy expanded 2%, surpassing 40 gigatonnes of CO2 interestingly. Sun based and wind push worldwide renewable electricity generation to another record level. It stated that renewable generation, excluding hydro, increased by 13% to a record-high global level of 4,748 TWh.
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