Tag Archives: global energy analysis

World energy consumption keeps growing – fossil resources still dominant

Over 2014 the world’s energy consumption has increased as can be conluded on basis of the June-2015 numbers of the BP Energy Statistical Review. The majority of resources to fuel this growth are still fossil based.2015_sgu_BP statistical review 2015_2015JUN15.001The share of renewables is rapidly growing in importance. However, decreasing  world fossil fuel consumption and fueling the growing energy consumption by renewable sources still remains a daunting challenge.2015_sgu_EU Energy consumption BP Stats_2015JUN16.002The growth of fossil fuels and renewables from 2008 (credit crisis) onward, tends towards reaching growth parity. The big question is when will the growth of the world’s renewable energy consumption turn into growth dominancy?