Highlights Global energy demand fell by about 4.5% in 2020 US coal consumption dropped about 20% Energy transition needs more than renewables Despite coronavirus pandemic-related impacts, which hit the global energy industry hard, renewable energy continued to grow, but renewable energy alone will be insufficient to replace coal globally, experts said July 12. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Spencer Dale, BP’s chief economist, said this is the 70 th anniversary of the BP Statistical Review of World Energy and there have “been some pretty amazing events in global energy over that time, including the Suez Canal crisis in the 1950s, the two oil shocks in the 1970s, more recently the Fukushima tragedy and all these events had huge bearing on global energy systems, but all pale in significance to the events of last year.” Global energy demand fell by about […]