The energy intensity of the global economy continues to fall reaching 1.8% in 2016. The improvements in 2016 represent an additional $2.2 trillion of value created from global energy use. This is equivalent to twice the size of the Australian economy.

Since 2010, intensity has declined at an average rate of 2.1% per year, which is a significant increase from the average rate of 1.3% between 1970 and 2010. The improvement in intensity varies widely across countries and regions. The decline in global energy intensity means that the world is able to produce more GDP for each unit of energy consumed – an energy productivity bonus.

Source: Energy Efficiency 2017

5 October 2017