The International Energy Agency (IEA) has released their annual online Global Energy & CO2 Status for 2018, which has found that worldwide energy consumption grew by 2.3 per cent in 2018 which is nearly twice the average rate of growth since 2010
The report provides a snapshot of recent global trends and development across carbon emissions, energy efficiency, fuels and renewable source.
Demand for all fuels has increased, with natural gas leading the growth by accounting for 45 per cent of overall increased energy demand. Renewables also increased at a double digit rate, but are still not growing fast enough to meet current and prospective demand.
An expanding global economy propelled the increased energy demand, with an average annual growth rate increasing from 3.5 per cent in 2010 to 3.7 per cent in 2018. The combined fast growing economies of China, India and the United States accounted for nearly 70 per cent of the rise in energy demand.
Weather conditions were also listed as a factor in the rise of global energy demand, as the demand for heating and cooling in response to the record temperatures were responsible for almost a fifth of the overall increase.
The full International Energy Agency report can be viewed here
