Global energy consumption continues to rise says IEA
The Informer

Production and consumption of power is continuing to rise, according to the latest figures published by the International Energy Agency (IEA).

Global power production reached 13.8 billion tonnes of oil equivalent (Btoe) in 2014,  up by 1.5% from 2013.
Fossil fuels accounted for 81% of output, dipping by 0.4% year-on-year.

The amount of power produced by oil climbed by 2.1%, while coal grew by 0.8% and gas increased by 0.4% – but the amount generated from renewable sources rose by even more.

Renewables growth outstrips fossil fuels

Hydro production was up by 2.5% and accounted for 2.4% of global output.

The amount of power generated by wind energy grew by 11%, while solar climbed by 35%, continuing its rapid growth.

Together, wind and solar accounted for 1% of global power production.

Biofuels and waste accounted for 10.2% of world power production and nuclear clocked-in at 4.7%.

Growth of demand in Asia

The IEA said: “The reports also highlight the significant changes in regional energy demand that have taken place over the past 40 years.

“In 1971, the Organisation for Economic Cooperation & Development (OECD) – including Japan and South Korea – and the rest of Asia – including China – together accounted for almost three quarters of energy usage, with OECD demand four times greater than that of Asia.

“Yet while the combined energy share of these regions remained at around three quarters of the global total in 2014, the proportions changed drastically; OECD and Asia became broadly comparable, at 38% and 35% respectively.”

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