The world’s energy consumption from all sources is increasing.

The Energy Institute (EI) has released its annual World Energy Statistical Review, which for the first time presents comprehensive global energy data for 2023. The analysis showed that:

1. Total primary energy consumption reached an all-time high, increasing by 2% compared to 2022. Fossil fuel consumption also rose a record 1.5%, with coal consumption up 1.6% and oil up 2%, while gas consumption was unchanged. These resources accounted for 81.5% of total consumption (82% in 2022).
2. Renewable energy production (excluding hydropower) increased by 13% to a global record of 4.75 TWh. This growth is almost entirely driven by wind and solar, accounting for 74% of all additional electricity generated. RES accounts for 8% (or 15%, including hydrogen generation) of energy consumption.
3. Due to the war in Ukraine, gas demand in Europe fell by 7% after a previous drop of 13% in 2022. The share of Russian gas in EU imports fell to 15% from 45% in 2021, and LNG imports to Europe overtook pipeline gas for the second year.