Seismic Change in Global Energy

Tuesday, June 13, 2017

The global energy landscape is changing dramatically, as evidenced by the following five trends.

  1. Last year, coal production fell by a record number. A higher number of producers than ever before are switching to natural gas, wind, and solar energy.

  2. The world’s largest economies are among those who are turning away from coal. China and the U.S. are the world’s largest two economies, so their reduced use of coal has the most impact.

  3. In China, diesel use fell last year for the first time in 25 years.

  4. Global carbon emissions were almost stable (i.e. not rising) over the last three years, since Europe’s reduction in emissions made up for Asia’s rising emissions.

  5. Every year, the use of renewable energy sources such as wind and solar are rising more and more.

Be sure to check out the charts and graphics accompanying these trends over on the Financial Post.