Key World Energy Statistics (KWES) is the IEA's introduction to energy data and statistics, including energy indicators, energy balances, prices, RDD budgets, CO2 emissions and forecasts. Energy statistics are the foundation of energy policies.
The renewed upward march of global carbon emissions is worrying and a big step backwards in the fight against climate change, according to BP. Emissions rose 1.6% in 2017 after flatlining for the previous three years, which the British oil firm said was a reminder the world was not on track to hit the goals of the Paris climate deal.
This report looks exclusively at potential oil demand displacement from electric vehicles (EVs) and finds: EVs alone could cause peak oil demand by the late 2020’s – with annual marginal growth in oil demand (IEA New Policies Scenario) entirely offset by EVs as early as 2027.
G7 countries (and others around the world) are in the early stages of an energy transition – including, in some areas, a shift away from the production and consumption of fossil fuels. This transition is being driven by decarbonisation objectives and policies, as well as a sharp reduction in the cost of clean technologies.