The State of World Energy Explained in 4 Charts
New data spotlights high energy demand in developing economies, the booming trade in LNG and the exponential growth of renewables.
Pipelines at an oil refinery in Leuna, Germany.
Photographer: Katja Buchholz/Getty Images
Every year for nearly seven decades, oil major BP Plc published its Statistical Review of World Energy, tallying up the world’s stocks and flows and combustion of hydrocarbons, as well as power generation data and even prices for metals critical to the energy transition, such as cobalt and lithium. Now the analysis has a new home: the UK-based Energy Institute, a membership organization for professionals in the energy industry, which took over publication from BP.
The report is always worth a deep dive, even for seasoned energy and climate analysts. Here are four highlights from the 2023 edition.