"CMIA helped to explain the potential for project-based mechanisms across a variety of constituencies and is a key voice driving the conversation on results-based finance and sector approaches for scaling-up emission reduction investments. We urgently need input from organisations like CMIA to operationalise Art 6 of the Paris Agreement."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

Global Energy & CO2 Status Report

11th October 2018 by CMIA

The IEA’s first Global Energy and CO2 Status Report – released in March 2018 – provides a snapshot of recent global trends and developments across fuels, renewable sources, and energy efficiency and carbon emissions, in 2017. Download the full report

Overview

Global energy demand grew by 2.1% in 2017, according to IEA preliminary estimates, more than twice the growth rate in 2016. Global energy demand in 2017 reached an estimated 14 050 million tonnes of oil equivalent (Mtoe), compared with 10 035 Mtoe in 2000.

Fossil fuels met over 70% of the growth in energy demand around the world. Natural gas demand increased the most, reaching a record share of 22% in total energy demand. Renewables also grew strongly, making up around a quarter of global energy demand growth, while nuclear use accounted for the remainder of the growth. The overall share of fossil fuels in global energy demand in 2017 remained at 81%, a level that has remained stable for more than three decades despite strong growth in renewables.Improvements in global energy efficiency slowed down. The rate of decline in global energy intensity, defined as the energy consumed per unit of economic output, slowed to only 1.7%* in 2017, much lower than the 2.0% improvement seen in 2016.The growth in global energy demand was concentrated in Asia, with China and India together representing more than 40% of the increase. Energy demand in all advanced economies contributed more than 20% of global energy demand growth, although their share in total energy use continued to fall. Notable growth was also registered in Southeast Asia (which accounted for 8% of global energy demand growth) and Africa (6%), although per capita energy use in these regions still remains well below the global average.

Source: http://bit.ly/IEAGlobalEnergy