Market report IEA shows global energy production to rise
World – Non-OECD Asian members are closing in on OECD’s position as the world’s largest energy consumer.
Reflecting the IEA’s increasingly global perspective, for the first time, the Agency’s OECD and non-OECD Energy Balances and Statistics reports have been merged into two comprehensive global reports on energy data. World Energy Balances and World Energy Statistics will contain detailed data on more than 150 countries and regions and will be released in full at the end of August 2016.
These reports show that world energy production reached 13,800 million tons(Mtoe) of oil equivalent in 2014, up 1.5% from 2013. Fossil fuels accounted for 81% of this production – 0.4% lower than in 2013 – in spite of rising oil (+2.1%), coal (+0.8%) and natural gas production (+0.6%), as production of renewables grew even faster. For example hydro production was up 2.5% and accounted for 2.4% of global production while wind and solar PV continued their fast growth (+11% and +35% respectively), and accounted for around 1% of global energy production. Among non-fossil sources, biofuels and waste accounted for 10.2% of world energy production in 2014 and nuclear slightly increased its share to 4.7%.
Global country level production
While restricted to primary fossil fuels, preliminary 2015 global country level production data show a clear slowdown in the growth of fossil fuel production, only 0.5% higher than in 2014. While crude oil and natural gas production increased at a higher rate than in 2014 (+3.0% and +1.6% respectively), a 3.1% fall in coal production over the same period resulted in an overall slowdown in growth.
The reports also highlight the significant changes in regional energy demand that have taken place over the past 40 years. In 1971 OECD (including Japan and Korea) and the rest of Asia (including China) together accounted for almost three quarters of energy usage, with OECD demand four times greater than that of Asia. Yet while the combined energy share of these regions remained at around three quarters of the global total in 2014, the proportions changed drastically; OECD and Asia became broadly comparable, at 38% and 35% respectively.
This drop in the OECD’s share of global total primary energy supply – or TPES, a measure of total energy use both in transformation and final use – from 61% in 1971 to 38% in 2014 reflects the fact that since 1971, annual average growth in TPES in Asia was above 5% for all fuels except biomass – significantly above the average global increase.