A comprehensive depiction of the 2024 trends across the entire energy sector, covering data for all fuels and technologies, all regions and major countries, and energy-related carbon dioxide emissions. 

The latest data show the world’s appetite for energy rose at a faster-than-average pace in 2024, resulting in higher demand for all energy sources including oil, natural gas, coal, renewables and nuclear power. This growth was led by the power sector, with demand for electricity rising almost twice as fast as wider energy demand due to higher demand for cooling, rising consumption by industry, the electrification of transport and the growth of data centres and artificial intelligence.

Key findings

• Emerging and developing economies accounted for over 80% of global energy demand growth.
• Carbon dioxide emissions from the energy sector continued to increase in 2024 but at a slower rate than in 2023. A key driver was record-high temperatures.
• The continued rapid adoption of clean energy technologies is limiting emissions growth.
• Nearly all of the rise in electricity demand was met by low-emissions sources, led by the record-breaking expansion of solar PV capacity, with further growth in other renewables and nuclear power.
• 80% of the growth in global electricity generation was provided by renewable sources and nuclear power.
• Over 7GW of nuclear power capacity was brought online, 33% more than in 2023.
• Natural gas saw the strongest demand growth among fossil fuels, while oil and coal consumption increased more slowly than in 2023.
• Growth in energy-related carbon dioxide emissions continues to decouple from global economic growth.