# Statistical Review of World Energy - 2024 **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [June 20, 2024, 6:26pm UTC](https://discussion.fool.com/t/statistical-review-of-world-energy-2024/106318 "2024-06-20T18:26:32Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![waterfell](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/waterfell/32/8050_2.png) [@waterfell](https://discussion.fool.com/u/waterfell)\ **Post date:** [June 20, 2024, 6:26pm UTC](https://discussion.fool.com/t/statistical-review-of-world-energy-2024/106318/1 "2024-06-20T18:26:32Z")
The 2024 edition of the [Statistical Review of World Energy](https://www.energyinst.org/statistical-review) was recently published by the Energy Institute. This report was formerly issued by British Petroleum (BP), but the Energy Institute took over the job a few years ago. It is a major report that documents how much and where energy is produced and consumed throughout the world. The latest report includes data for calendar year 2023. Below are a few highlights from a first look at the data. There is a large amount of information here. - World consumption of fossil fuels was at an all-time high in 2023. Anyone looking for a peak in fossil fuel production or consumption will need to wait a while longer. - Oil - Record highs in the production and consumption of petroleum were seen in 2023. Total world consumption is now over 100 million barrels per day. - Natural gas - World production was at an all-time high in 2023 at 4059 billion cubic meters. Total gas consumption, however, was slightly off its high from 2021, but only by a small amount. Production and consumption in the US were again at all-time highs. - Coal - World production and consumption of coal were at record highs. Total consumption was at 164 exajoules of energy, of which 56% was consumed in China. Coal consumption in India was up 10% over 2022. Overall, 82% of all mined coal is consumed in the Asia-Pacific region. - CO2 emissions - Because of the record or near-record highs in fossil fuel consumption, CO2 emissions from energy were also at all-time highs. CO2-equivalents from energy, plus process emissions, methane, and flaring were at 40.4 billion metric tons in 2023. This was a 2.1% increase over 2022. - Renewables - Energy produced from renewable sources continues to increase world-wide. However, these increases have not resulted in a reduction in overall fossil fuel consumption. \_ Pete ---
**Author:** ![MarkR](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/markr/32/2011_2.png) [@MarkR](https://discussion.fool.com/u/MarkR)\ **Post date:** [June 20, 2024, 7:43pm UTC](https://discussion.fool.com/t/statistical-review-of-world-energy-2024/106318/2 "2024-06-20T19:43:40Z")
> [@waterfell](#): > > However, these increases have not resulted in a reduction in overall fossil fuel consumption. Not yet! But at least they slowed the growth of fossil fuel usage. ---
**Author:** ![DrBob2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/drbob2/32/3456_2.png) [@DrBob2](https://discussion.fool.com/u/DrBob2)\ **Post date:** [June 20, 2024, 9:44pm UTC](https://discussion.fool.com/t/statistical-review-of-world-energy-2024/106318/3 "2024-06-20T21:44:54Z")
In addition to carbon dioxide and methane, there is an additional 16% radiative forcing from nitrous oxide and HFCs. > **[NOAA Global Monitoring Laboratory - THE NOAA ANNUAL GREENHOUSE GAS INDEX (AGGI)](https://gml.noaa.gov/aggi/aggi.html)** > > The Global Monitoring Laboratory conducts research on greenhouse gas and carbon cycle feedbacks, changes in clouds, aerosols, and surface radiation, and recovery of stratospheric ozone. DB2