India's Fossil Fuel Consumption Hits Record High in 2023

Fossil fuel consumption in India rose by 8% in 2023, significantly contributing to global demand growth. A report by the Energy Institute highlighted that India used more coal than Europe and North America combined, while renewable energy, led by wind and solar, saw record highs globally.

In a significant development, fossil fuel consumption in India surged by 8% in 2023, notably contributing to nearly all the global demand growth, according to a comprehensive report released by the Energy Institute (EI). This increase has positioned India as a more extensive coal user than both Europe and North America combined, marking a historic high.

The 2023 Statistical Review of World Energy, co-authored by EI, KPMG, and Kearney, revealed that global energy consumption reached unprecedented levels. Notably, the report documented a 2% rise in worldwide primary energy use to 620 Exajoules (EJ), with fossil fuel consumption achieving a record 505 EJ. Significant contributors were coal and oil, both surpassing previous consumption marks.

Conversely, renewable energy generation, primarily driven by wind and solar, also reached new heights. Increasing by 13%, non-hydro renewables accounted for a majority of the additional global electricity generated. The report highlighted key narratives from 2023, showcasing overarching trends in energy consumption and the ongoing transition towards sustainable alternatives.

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