The annual BP Statistical Review of World Energy has been released. Global demand for energy is speeding up again — mainly thanks to China, India and the US. Tellingly, all fuels — coal, oil, gas, nukes and hydro — grew faster than their ten year averages, but not renewables. So the momentum has shifted back to fossil fuels, especially gas which was up a remarkable 5.3%, one of the fastest rates of growth in the last 40 years. Coal grew at 1.4% — twice as fast as the average for the last decade. Coal still supplies 27% of the total energy mix.
Is peak coal yet to come?
“As a result, the peak in global coal consumption which many had thought had occurred in 2013 now looks less certain. Another couple of years of increases close to that seen last year would take global consumption (of coal) comfortably above 2013…
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