Global Energy Demand and Emissions Rise in 2024

Global energy demand increased by 2% in 2024, leading to a 1.1% rise in carbon dioxide emissions. The Asia-Pacific region was the primary driver, with emissions up by 1.8%, despite declines in North America (-0.6%) and Europe (-1.0%). Fossil fuels continued to dominate, accounting for 86.6% of the energy mix, while renewables, though growing faster, failed to displace fossil fuels. Electricity demand surged by 4%, outpacing total energy demand, with the Asia-Pacific and Middle East leading growth. Coal remained the largest electricity source, up by 1.2%, with China and India contributing significantly. Renewables, excluding hydro, increased by 14% but only accounted for 17% of generation. Oil production rose slightly, with the U.S. leading at 20.135 million barrels per day, followed by Saudi Arabia and Russia. Demand grew by 0.7%, reaching 101.418 million barrels daily. Natural gas demand rose by 2.5%, driven by the Asia-Pacific, while coal production hit a record high, fueled by China, India, and Indonesia. Despite efforts, fossil fuels' dominance persists, highlighting the need for efficient renewable integration to meet global energy challenges.

Published: 7/16/2025