LONDON and NEW
YORK, June 27, 2024 /PRNewswire/ -- S&P
Global Commodity Insights, a division of S&P Global (NYSE:
SPGI), has been selected as a knowledge partner to the Energy
Institute (EI) for its annual Statistical Review of World
Energy.
S&P Global Commodity Insights is the leading independent
provider of information, data, analysis, benchmark prices and
workflow solutions for the commodities, energy, metals and energy
transition markets.
As the Energy Institute's knowledge partner, S&P Global
Commodity Insights plays a pivotal role in the provision of
comprehensive data and insights for oil, gas and new energy
sources. Notably, S&P Global Commodity Insights is the primary
data provider for EI's new data sets in areas likely to grow in
significance, including energy transition-related commodities, such
as hydrogen, carbon and ammonia.
The EI Statistical Review of World Energy analyses data on world
energy markets from the prior year. It has been providing timely,
comprehensive and objective data to the energy community since
1952.
The 73rd annual edition of the Statistical
Review of World Energy, published on June
20, 2024, presents for the first time full global energy
data for 2023.
According to EI, five key stories emerge from the 2023 data:
- Record global energy consumption, with coal and oil pushing
fossil fuels and their emissions to record levels,
- Solar and wind push global renewable electricity generation to
another record level,
- Ongoing Ukraine conflict
cements gas rebalancing in Europe,
- Dependence on fossil fuels in major advanced economies is
likely to have peaked,
- Growth economies struggle to curb fossil fuel growth, but
renewables accelerate in China.
Commenting, Energy Institute Chief Executive Dr Nick Wayth
FEI said: "The Statistical Review of World Energy provides a
comprehensive picture of global energy, this year revealing an
increasingly energy hungry world, but with diverse energy stories
playing out across different geographies. The Energy Institute is
proud to be partnering with S&P Global Commodity Insights to
interrogate the data, analyse key trends and articulate these
stories as the global energy transition gathers pace."
"The Statistical Review is a cornerstone reference text for
anyone interested in understanding energy markets. We are honoured
to be chosen as the Energy Institute's knowledge partner and to
expand the use of our primary data and insights in their report,"
said Dave Ernsberger, Head of Market
Reporting and Trading Solutions at S&P Global Commodity
Insights. "We are especially delighted to observe the growing
adoption of our energy transition-focused commodity prices, such as
those for hydrogen pathways and carbon credit trading. EI's
analysis of these sources will prove increasingly valuable to
readers of the review as they seek comprehensive and impartial
sources of data to navigate the intricate and multi-faceted energy
transition."
Media Contacts:
EMEA: Paul Sandell, +44 7816
180039, paul.sandell@spglobal.com
Americas: Kathleen Tanzy, + 1917 331
4607, kathleen.tanzy@spglobal.com
Asia: Melissa Tan, + 65 68189
7569, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P
Global Commodity Insights, our complete view of global energy and
commodity markets enables our customers to make decisions with
conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition. Platts®
products and services, including leading benchmark price
assessments in the physical commodity markets, are offered through
S&P Global Commodity Insights. S&P Global Commodity
Insights maintains clear structural and operational separation
between its price assessment activities and the other activities
carried out by S&P Global Commodity Insights and the other
business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
©2024 by S&P Global Commodity Insights, a division of
S&P Global Inc.
About the Energy Institute
The Energy Institute (EI)
is the chartered professional membership body for people who work
across the world of energy. Our purpose is creating a better energy
future for our members and society by accelerating a just global
energy transition to net zero.
We do this by attracting, developing and equipping the diverse
future energy workforce; informing energy decision-making through
convening expertise and advice; and enabling industry to make
energy lower carbon, safer and more efficient.
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