Global energy production continuing to rise: IEA
New reports by the International Energy Agency (IEA) have revealed that world energy production reached 13.8Mtoe in 2014––up 1.5% on the preceding year. Fossil fuels accounted for 81% of this production, 0.4% lower than in 2013, as the growth in renewables production outstripped that of coal, gas and oil. Hydro production was up by 2.5% and accounted for 2.4% of global production, while production from wind and solar increased by 11% and 35% respectively. The reports also highlighted significant changes in regional energy demand: in 1971, OECD demand was around four times greater than that of Asia, but by 2015 the two were broadly comparable at 38% and 35% respectively.