Simon

People and businesses around the world used more power in 2021 than in the year before the pandemic, as lockdowns ended and energy demand bounced back, according to an analysis from BP.
The surge in demand is the largest in history and has helped to propel the energy system into its most turbulent period since the oil crisis of the 1970s. Russia’s invasion of Ukraine has added to the turmoil, fuelling price hikes and threatening power shortages for some countries.
BP says emissions from energy have also rebounded to pre-pandemic levels. “Considerable progress has been made in sovereign pledges to achieve net zero, but those growing ambitions have yet to translate into tangible progress on the ground… The world remains on an unsustainable path,” says the company’s chief economist, Spencer Dale.


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