Publications

Global Energy Trends 2020 edition

19 May 2020

Enerdata’s analysis with 2019 actual statistics and 2020 estimates.

 

Energy Trends 2020

The year 2019 was marked by a global economic slowdown (-0.6 points) that translated into a much lower energy consumption growth (0.6% compared to 2.2% in 2018).

This publication analyses global and regional figures, drilling down to some key countries. In addition, short- to mid-term scenarios are elaborated to assess the implications of the COVID 19 situation on the global energy markets.

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G20* Key Energy Figures in 2019

 

+3.1%

   

Economic growth

At purchasing power parity

2018:       +3.7%
2007-17: +3.2%

 

+0.6%

   

Slowly rising energy consumption

 

2018:       +2.2%
2007-17: +1.2%

 

- 3.6%

   

Declining coal consumption

 

2018:       +0.6%
2007-17: +1.2%

 

* G20 countries account for 80% of global energy consumption

The change was particularly drastic for coal, whose consumption registered a sharp decline (-3,6%, compared to +0,6% in 2018), while oil consumption accelerated (+1,2%), and gas consumption continued on its upward trend (+3,2%), spurred by surging gas production in the United States.

Electricity consumption growth, following the more sluggish economic conditions, slowed down (+0,7% total) in most G20 countries, and declined in some.

Other Notable 2019 Trends in the G20, as Detailed in the Global Energy Trends Publication:

  • Spectacular increase of natural gas consumption (+3.2%), with the USA responsible for more than 30% of the global increase.
  • Still no peak in oil and gas consumption (which grew at +1,2% and +3,2%, respectively)
  • Significant slowdown in electricity consumption growth in 2019 in G20 (+0.7% vs +3,6% in 2018). China, which accounts for 1/3 of the G20 electricity consumption, posted a 4.5% growth, but this was much lower than the average growth observed since 2007 (7.5%/year).
  • Strong development of renewables continues: +11% in wind power generation and +22% in solar power generation, slower than in 2018 but still higher than any other power sources.
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