Global Energy Mix Shows Fossil Fuels Still Dominate Despite Renewables Growth
What happened
Global energy statistics indicate that fossil fuels accounted for 86 percent of the world’s total energy supply last year. In 2024, the International Energy Agency reported that fossil fuels represented 81 percent of the global energy mix, with oil making up 30 percent, coal 28 percent, and gas 23 percent. The United States is noted as a top oil and gas producer, with both fuels accounting for 36 percent of the energy mix in 2024.
From punchng.com
Why it matters
Despite renewable energy being the biggest driver of a 1.7 percent annual rise in total global energy supply in 2025, fossil fuels remain the dominant source of energy. China, which consumes more than a quarter of the world’s energy, reported a mix of 60 percent coal and 18 percent oil in 2024.
From punchng.com
Who's involved
- International Energy AgencyInternational Energy Agency, which provided the global energy statistics
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- US production and Chinese demand shape Brent crude priceBrent crude price may be influenced by the balance of US production and Chinese consumptionLikely
- Global energy dynamics may influence IMF's economic stability forecastsGlobal energy dynamics may influence IMF's economic stability forecasts.Possible
- Global energy dynamics may affect India's import costsGlobal energy dynamics may affect India's import costsPossible
- Global energy shifts may heighten geopolitical risk in the Middle EastIncreased global energy reliance may heighten geopolitical risk in the Middle East.Possible
- Global energy shifts may change Strategic Petroleum Reserve's roleGlobal energy mix shifts may alter the operational role of the Strategic Petroleum ReservePossible
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The entities involved
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International Energy Agency
autonomous intergovernmental organisation