Statistical Review of World Energy

Energy has always been and remains central to human achievement and progress. It is also, increasingly, central to our very survival. With global temperature increases averaging close to 1.5°C, 2023 was the warmest year since records began, and the increasingly severe impacts of climate change were felt across all continents. We also experienced the continuing effects of geopolitical disruption on energy markets, and the economies and livelihoods they support.

This second Statistical Review under the Institute’s custodianship reports on another year of highs in our energy hungry world. Record consumption of fossil fuels and record emissions from energy, but also record generation from renewables, driven by increasingly competitive wind and solar energy.

The progress of the transition is slow, but the big picture masks diverse energy stories playing out across different geographies – from advanced economies where we see signs of demand for fossil fuels peaking, to economies in the Global South for whom economic development and improvements in quality of life continue to drive fossil growth.

Juliet Davenport OBE HonFEI, President, Energy Institute

Dr Nick Wayth CEng FEI FIMechE, CEO, Energy Institute