“gas And Electricity: A Global Perspective On Energy Security” – Energy is already a hot topic ahead of 2022, but rising household electricity bills and the cost of living crisis have pushed it further.
Which countries are the largest energy producers, and what types of energy do they emit? This graphic by 911 Metallurgist provides a breakdown of global energy production since 1980, showing which countries have used the most fossil fuels, nuclear and renewable energy.
“gas And Electricity: A Global Perspective On Energy Security”
All figures refer to the British Thermal Unit (BTU), which is equal to the heat required to heat one pound of water by one degree Fahrenheit.
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U.S. in oil and natural gas production Despite being the dominant player, China remains the world’s largest fossil fuel producer, largely due to its significant production and consumption of coal.
However, since the government launched a five-year plan back in 2014 to help reduce carbon emissions, the country’s fossil fuel consumption and production has declined in recent years.
U.S. It is the world’s largest nuclear power producer, producing twice as much nuclear power as the second largest producer, France.
While nuclear power offers a carbon-free alternative to fossil fuels, the nuclear disaster at Fukushima caused many countries to move away from the energy source, which has led to global consumption falling in recent years.
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Although many countries have recently moved away from nuclear power, it still accounts for 10% of the world’s electricity. As decarbonisation emerges as a top priority for countries around the world, nuclear power is also likely to play an expanded role in the energy mix going forward.
Renewable energy sources (including wind, hydro, and solar) account for 23% of global electricity generation. China leads in renewable production, followed by the US.
Renewable energy production has increased in recent years, and more countries will need to increase their renewable energy production to meet net-zero goals by 2050.
This article is published as part of the Visual Capitalist Creator Program, which features data-driven visuals from some of our favorite creators around the world.
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Which countries depend heavily on coal? Who will still be buying Russian fossil fuels in 2023? How old are the world’s nuclear reactors? Mapped: Renewable energy and battery installations in the U.S. in 2023 in one week How does electricity production change? Visualizing the flow of energy-related CO2 emissions in the U.S
Batteries Ranked: World’s Top Cobalt Producing Countries Cobalt, an essential component for some types of EV batteries, has seen a significant shift in its global production landscape.
This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on real estate and resource megatrends every week.
Cobalt, an important component of the key chemistries of rechargeable lithium-ion batteries used in EVs, has seen a significant shift in its global production landscape.
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The Democratic Republic of Congo (DRC) has long been the world’s largest cobalt producer, accounting for 73% of global production in 2022.
However, the DRC’s dominance is expected to decline to 57% by 2030 as Indonesia increases its cobalt production as a byproduct from its rapidly expanding nickel industry, according to the Cobalt Institute.
Today Indonesia accounts for about 5% of global cobalt production, surpassing established producers such as Australia and the Philippines.
In 2022, Indonesia’s cobalt production increased from 2,700 tons in 2021 to about 9,500 tons, with production expected to increase tenfold by 2030.
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In total, world cobalt production reached 197,791 tonnes, with the DRC accounting for less than 145,000 tonnes of that mix.
The EV industry is the largest consumer of cobalt, accounting for nearly 40% of total demand. Exponential growth of the EV sector could double global cobalt demand by 2030.
Although the shift in cobalt production has been notable, it has not been without challenges. Declining cobalt prices, which have fallen nearly 30% this year to $13.90 a pound, have hit the DRC hard.
Moreover, cobalt’s long-term prospects face obstacles due to efforts to reduce its use in batteries, driven in part by human rights concerns related to artisanal cobalt mining in the DRC and related child labor and human rights abuses.
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In a 2021 ruling by a federal court in Washington, Google parent Alphabet, Apple, Dell, Microsoft and Tesla were acquitted of a class action lawsuit alleging their liability for child labor in Congolese cobalt mines.
Despite ongoing efforts to replace cobalt in battery applications, cobalt is expected to remain a key raw material for the entire battery supply chain in the near future.
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Gasoline, electricity and natural gas prices have soared as Russia’s attack on Ukraine disrupted global energy supply chains. Households and businesses face higher energy bills amid severe price volatility. Uncertainty surrounding the war looms large, and winter heating costs are expected to rise.
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Given the global implications of the energy crisis, the above infographic shows the price of household fuel by country with data from GlobalPetrolPrices.com.
At an average of $11.10 per gallon, households in Hong Kong pay the most for gasoline in the world—more than double the global average. High gas taxes and steep land costs are both major factors in high gas prices.
Like Hong Kong, the Central African Republic has high gas prices, at $8.60 per gallon. As a net importer of gasoline, the country has faced increased price pressures since the war in Ukraine.
Households in Iceland, Norway and Denmark face the highest gasoline costs in Europe. Overall, European inflation reached 10% in September due to the energy crisis.
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The highest household electricity prices are in Europe, where prices in Denmark, Germany and Belgium are double those of France and Greece. For perspective, electricity prices in many countries in Europe are two or three times the global average of $0.14 per kilowatt-hour.
In the first quarter of 2022, household electricity prices in the European Union rose by 32% compared to the previous year.
In the U.S., consumer electricity prices rose nearly 16% annually from September last year, the biggest increase in four decades, fueling higher inflation.
However, the U.S. Households are more sheltered from the impact of Russian supply disruptions as they are a net exporter of energy.
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Eight of the 10 highest natural gas prices worldwide fall in Europe, with the Netherlands at the top. Overall, European natural gas prices rose sixfold in the year following the Ukraine attack.
The good news is that the fall season was relatively warm, which helped European natural gas demand drop 22% in October compared to last year. This helps reduce the risk of gas shortages in winter.
Outside of Europe, Brazil has the fourth highest natural gas prices globally, despite producing half of the supply domestically. The high cost of cooking gas is particularly challenging for low-income households, which has become a key political issue in October’s presidential election.
Meanwhile, Singapore has the highest natural gas prices in Asia because the majority is imported via tankers or pipelines, leaving the country vulnerable to price shocks.
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As of December, seaborne crude oil exports from Russia to Europe will cease, potentially pushing up gasoline prices through the winter and into 2023.
An analysis from the EIA shows that European natural gas storage capacities could fall to 20% by February if Russia cuts off its supply entirely and demand does not fall.
As Europe seeks alternatives to Russian energy, higher demand will increase global competition for energy sources, driving up fuel prices in the coming months.
Still, there is some room for optimism: the World Bank predicts that energy prices will fall by 11% in 2023 after seeing a 60% increase in 2022 after the war in Ukraine.
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Mapped: 2023 Inflation Forecasts by Country Mapped: GDP Growth Forecasts by Country, 2023 Charted: Ukraine War Civilian Death Toll Mapped: Which Countries Have the Highest Inflation? Ranked: Americans’ Top 10 Foreign Policy Concerns What will Europe’s energy crisis cost?
Energy Ranked: World’s Top Cobalt Producing Countries Cobalt, an essential component for some types of EV batteries, has seen a significant shift in its global production landscape.
This was originally posted on Elements. Sign up to the free mailing list to get beautiful visualizations on real estate and resource megatrends every week.
Cobalt is an important component of the key chemistries of rechargeable lithium-ion batteries
