There's a summary of key aspects in the Chief Economist's statement, in part:
This year’s data show a sharp bounce back in global primary energy in 2021, increasing by almost 6% and more than reversing the sharp fall in energy consumption in 2020 as much of the world locked down. Primary energy use in 2021 is estimated to be more than 1% above its 2019 level.
In many ways, this sharp rebound in energy demand is a sign of global success, driven by a rapid recovery in economic activity as the widespread distribution of effective vaccines allowed for an easing in Covid restrictions in many parts of the world and a return to our everyday lives. But it also highlights that the pronounced dip in carbon emissions in 2020 was only temporary: carbon equivalent emissions from energy (including methane), industrial processes, and flaring increased by 5.7% last year.
As in past years, the full report is a downloadable PDF:
https://www.bp.com/content/dam/bp/business-sites/en/global/c...
There's a summary of key aspects in the Chief Economist's statement, in part:
This year’s data show a sharp bounce back in global primary energy in 2021, increasing by almost 6% and more than reversing the sharp fall in energy consumption in 2020 as much of the world locked down. Primary energy use in 2021 is estimated to be more than 1% above its 2019 level.
In many ways, this sharp rebound in energy demand is a sign of global success, driven by a rapid recovery in economic activity as the widespread distribution of effective vaccines allowed for an easing in Covid restrictions in many parts of the world and a return to our everyday lives. But it also highlights that the pronounced dip in carbon emissions in 2020 was only temporary: carbon equivalent emissions from energy (including methane), industrial processes, and flaring increased by 5.7% last year.
https://www.bp.com/en/global/corporate/energy-economics/stat...
Among other key findings:
Primary energy in 2021 grew by its largest amount in history, with emerging economies accounting for most of the increase
This was lead by growth in China.
The increase in primary energy between 2019 and 2021 was entirely driven by renewable energy sources.
Total oil demand for 2021 remains below 2019 levels.