The Informer

Growing demand in China and India led to global coal consumption increasing for the first time in four years, according to oil and gas giant BP’s latest Statistical Review of World Energy.

Global energy demand rose by 2.2% – above its 10-year average of 1.7% – driven by economic growth.

Bob Dudley, BP’s Chief Executive, said: “2017 was a year where structural forces in the energy market continued to push forward the transition to a lower carbon economy, but where cyclical factors have reversed or slowed some of the gains from prior years.

“These factors, combined with rising demand for energy, has resulted in a material increase in carbon emissions following three years of little or no growth.”

Power section ‘unchanged for 20 years’

Demand for renewables also grew, led by wind and solar.

Dudley added: “This year’s review looks at the energy mix within the power sector, for the first time, which astonishingly shows that the share of coal in the sector is unchanged from 20 years ago.

“As we have said in our Energy Outlook, our Technology Outlook and now our Statistical Review, the power system must decarbonise. We continue to believe that gains in the power sector are the most efficient way to drive down carbon emissions in coming decades.”

> Download BP's report