Monday, 12 July 2021
bp’s Statistical Review of World Energy 2021 reveals that the COVID-19 pandemic had a dramatic impact on energy markets, with both primary energy and carbon emissions falling at their fastest rates since the Second World War. Nevertheless, renewable energy continued to grow, with solar power recording its largest-ever increase.
Some of the highlights from the report include:
Bernard Looney, chief executive officer of bp said:
“I sincerely believe that companies like bp with net-zero ambitions, coherent plans, and near, medium, and long-term aims – companies that are committed to ‘greening’ – have a hugely significant part to play in achieving the Paris goals. Yes, the world needs more low carbon companies. But maybe more than anything, it also needs existing energy companies to decarbonize and in so doing use their scale and expertise to help bring about the deep and complex rewiring and replumbing of the global energy system that the world wants and needs to see over the next 30 years.”