Falling renewable costs and support policies are raising the share of RES in the global power mix (+0.8 pts)
The share of renewable energy sources (RES, including hydropower) within the global power generation mix, which has been rising quickly since the end of the 2000’s, grew by nearly 1 percentage point (+0.8 pts) in 2018, to almost 26%.
Most of the growth comes from new wind and solar capacity, supported by ambitious climate policies in the European Union, the United States, China, India, Japan and Australia, and by the dramatic fall in solar and wind development costs over recent years, enabling developing countries to expand their renewable capacity base. Favourable hydro conditions raised renewable power generation in Europe, Brazil, India, Thailand, Australia and New Zealand.
Renewables now cover 36% of the power mix in Europe, 26% in China and around 18% in the United States, India and Japan.
Crude Oil
Oil products domestic consumption
Global demand for oil products grew again in 2018, up 0.9%, on expansions in the transport and petrochemical sectors
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