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Global recession creates drop in energy consumption

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Home » Global recession creates drop in energy consumption

It was announced in BP’s Statistical Review of World Energy 2010 that energy consumption reflected the pattern of the recession and recovery.  On a global scale it was reported that coal consumption was flat and the consumption of oil, natural gas  and nuclear power had all declined.  Hydroelectric output and other sustainable forms of energy were the only ones to have increased in 2009, suggesting that carbon emissions fell for the first time since 1998.
In 2009, prices in traded energy declined particularly for traded natural gas and coal in North America and Western Europe.

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