As the chartered professional membership body for people who work across the world of energy, the EI and its precursor bodies date back more than a century. This major addition to our body of work underpins our determination to bring the best evidence to bear in the vital decisions made by the business community, policy makers and academics in energy.
With our partners KPMG and Kearney, the continuing involvement of Heriot-Watt University and with enormous thanks to bp for seven decades’ work building one of the world’s most respected energy data sources, we are opening a new chapter in the story of the Statistical Review.
It continues to be full, first and free: the fullest, most reliable account of energy production, consumption, trade and emissions; the first data source to provide a complete global picture of the previous year; and completely free to access for users.
This year more than ever, it provides insight into how our energy systems are adapting to escalating environmental and geopolitical crises. The data shed light on a year in energy defined by three crises layered one on top of the other – on supply, price and climate.
Just as the world emerged from the huge impact on energy demand caused by the global pandemic, 2022 witnessed energy markets again in crisis, as Russia’s invasion of Ukraine upended assumptions about supply and sent out ripples around the world. That in turn precipitated a price crisis and profound cost-of-living pressures across many economies.
More fundamentally, we have seen further and ever more dangerous impacts of climate change across all continents. And despite broad consensus on the need to reach net zero, global energy-related greenhouse gas emissions are still heading in the wrong direction.
The Statistical Review provides a high level view of the global energy system, of how global markets are faring under these pressures, and how the energy transition is evolving.
At the EI, the Statistical Review has a new, long-term, independent home. Users will find all of the familiar elements – both in print and online. We look forward to working with the user community to ensure it stays relevant as we work together to accelerate the transition to a cleaner, more secure energy future.