Global energy demand grew by 2.3% in 2018, twice the annual growth seen since 2010
. Electric car sales, meanwhile, more than doubled for the year to over 1.2 million. But, I would argue that these should really be called “coal cars:” coal supplies 65% of China’s electricity, and the country’s young, huge, and efficient fleet will be around a lot longer than opponents want you to know. Together, the U.S. and China account for 35% of global oil demand, which explains why their trade war is so impactful for oil prices. , up 10.
that global investment in wind in 2018 rose 3% to $129 billion, while solar fell 24% to $131 billion.Energy efficiency continued to improve, with global energy intensity dropping 1.3% in 2018. Although this was the third straight year where gains slowed, efficiency is still the biggest source of CO2 emissions abatement. Energy efficiency is a complex concept in that at some point incremental gains become harder .
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