Energy Institute Statistical Review of World Energy

The 74^th annual edition of the Statistical Review of World Energy is now available.

KPMG, in collaboration with the Energy Institute (EI), presents the annual Statistical Review of World Energy. This report offers in-depth analysis of global energy production, consumption, and emissions, providing valuable insights into the evolving energy landscape.

The Statistical Review serves as a trusted resource for energy professionals, policymakers, and researchers, delivering objective data to inform strategic decisions and policy development. It examines key trends shaping the energy sector, including the growth of renewable energy sources, shifts in fossil fuel consumption, and the impacts of geopolitical events on energy markets.

By exploring the dynamics of the global energy system, the report contributes to a deeper understanding of the challenges and opportunities in achieving a sustainable and secure energy future.

The 74th Statistical Review of World Energy

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Key insights from the 2025 report

Record Energy Use Amid a Fragmented Transition

Global energy demand rose to an all-time high, up just over 2% from the previous year. Electricity demand surged by more than 4%, continuing to outpace overall energy use as electrification gains momentum. Yet global CO₂ emissions also rose by 1%, setting a record for the fourth consecutive year.
Fossil Fuels Still Expanding

Despite rapid growth in clean energy, fossil fuels remain central to the global energy mix. In 2024, global oil production rose 0.6% to reach 97 million barrels of oil per day, with non-OPEC output accounting for 66%. For the first time, the U.S. produced over 20 million barrels of oil per day, more than Saudi Arabia and Russia combined.
Mixed Progress Across Regions

While the U.S. and Europe showed signs of plateauing fossil fuel use, deployment of renewables in Europe slowed due to rising interest rates and supply chain pressures. In contrast, China added more renewable capacity in 2024 than the U.S., Europe, and India combined, reinforcing its leadership in the global transition.
Wind and Solar Lead Growth — But Can’t Keep Up Everywhere

Combined wind and solar energy generation grew by over 16% in 2024 — nearly nine times the pace of total energy demand. However, renewables alone are not yet sufficient to meet surging global energy needs, especially in regions facing infrastructure and investment constraints.
Emerging Markets Drive the Transition’s Center of Gravity

Non-OECD countries continue to accelerate renewable deployment at twice the rate of OECD countries over the past decade, with energy demand and investment increasingly shifting toward these fast-growing markets.
Energy Transition Remains Uneven and Disorderly

Policymakers and business leaders now face a transition marked by diverging regional trends, infrastructure bottlenecks, and fragmented signals from markets and regulation. Agility, data-driven decisions, and local insight are more important than ever.