KPMG: Lots of coal, less natural gas, slightly more renewables in last year’s global energy mix

By: Trademagazin Date: 2023. 11. 07. 10:25

While it increased by roughly one percent worldwide, primary energy consumption in Europe decreased by almost four percent, according to the Statistical Review of World Energy research conducted by the Energy Institute with KPMG. The study shows that although coal consumption did not increase on our continent, the world burned more of the most polluting fossil fuel in 2022 than in any other year.

The year 2022 was defined by three overlapping crises in the energy sector – serious challenges had to be dealt with in terms of supply, prices and climate change. The sector has not yet overcome the effects of the pandemic, the increase in demand caused by the pandemic, the problems of the supply chains, and the energy markets have drifted into another crisis. The Russian-Ukrainian war sent serious waves around the world, upsetting supply expectations, forecasts, a price crisis and causing deep cost-of-living pressure in many economies. In addition, the increasingly dangerous effects of climate change have also become apparent on all continents. Despite widespread consensus on the need to achieve net zero emissions, global greenhouse gas emissions are still moving in the wrong direction. The Energy Institute’s 72nd Statistical Review of World Energy, a study prepared with the cooperation of KPMG, provides a comprehensive picture of the energy system, the situation of global markets, and the evolution of the energy transition in 2022.