Global energy demand and carbon emissions bounced back to around pre-pandemic levels in 2021, reversing the reduction in 2020 resulting from the coronavirus pandemic as global economies recover, BP said in its annual statistical review of world energy.
Use of primary energy — which is harvested directly from natural resources — grew by a record amount in 2021, with emerging economies accounting for most of the increase.
Primary energy demand climbed 5.8 per cent, exceeding 2019 levels by 1.3 per cent, while carbon dioxide emissions from energy use including industrial processes, flaring and methane rose 5.7 per cent in 2021, the report released on Tuesday said.
BP challenges and uncertainties in global energy system are at their greatest in almost 50 years — since the time of the last great energy shocks of the 1970s — as a result of Russia's invasion of Ukraine.
"In many ways, this sharp rebound in energy demand is a sign of global success, driven by a rapid recovery in economic activity as the widespread distribution of effective vaccines allowed for an easing in Covid-19 restrictions in many parts of the world and a return to our everyday lives," chief economist of BP Spencer Dale said. "But it also highlights that the pronounced dip in carbon emissions in 2020 was only temporary."
Oil demand in 2021 remained below 2019 levels, while consumption increased by 5.3 million barrels per day in 2021 — 3.7 million bpd below 2019 levels.
The majority of consumption growth came from petrol (1.8 million bpd) and diesel/gas oil (1.3 million bpd). Regionally, most of the growth took place in the US (1.5 million bpd), China (1.3 million bpd) and the European Union (570,000 bpd).
Global oil production increased by 1.4 million bpd in 2021, with the 23 producers comprising the Opec supergroup accounting for more than three quarters of the increase.
Among all countries, Libya (840,000 bpd), Iran (540,000 bpd) and Canada (300,000 bpd) recorded the largest increases. Nigeria (minus 200,000 bpd), the UK (minus 170,000 bpd) and Angola (minus 150,000 bpd) reported the biggest declines.
Refinery capacity declined for the first time in more than 30 years by almost 500,000 bpd last year, driven by a sharp reduction across the 33 OECD countries (1.1 million bpd). As a result, refining capacity in the OECD in 2021 was at its lowest level since 1998.
Carbon dioxide emissions from energy use, industrial processes, flaring and methane (in carbon dioxide equivalent) rose 5.7 per cent in 2021, with carbon dioxide emissions from energy rising 5.9 per cent, close to 2019 levels.
Natural gas prices rebounded strongly across all three major production regions in 2021, rising four-fold to record annual levels in Europe and tripling in the Asian LNG spot market. US Henry Hub prices nearly doubled to average $3.84/mmBtu in 2021, their highest annual level since 2014.
Global natural gas demand grew 5.3 per cent in 2021, exceeding pre-pandemic 2019 levels and crossing the 4 trillion cubic metres (Tcm) mark for the first time. Its share in primary energy in 2021 was unchanged from the previous year at 24 per cent.
LNG supply grew 5.6 per cent in 2021, its slowest rate of growth since 2015 (other than in 2020). LNG supply from the US rose by 34 billion cubic metres (Bcm), accounting for most of the new incremental supplies and more than offsetting declines from other Atlantic Basin exporters.
China surpassed Japan as the world’s largest LNG importer and accounted for close to 60 per cent of global LNG demand growth in 2021.
Algerian pipeline exports to Europe were the largest source of pipeline supply growth to the region last year, followed by Azerbaijan. While Russian pipeline supply to Europe was steady at 167 Bcm in 2021, exports to the EU decreased by 8.2 per cent.
Russia accounted for 20-40 per cent of the EU’s oil, gas, and coal consumption in 2021.
Coal prices rose dramatically in 2021, with European prices averaging $121 a tonne and the Asian marker price averaging $145 a tonne, its highest since 2008.
Coal consumption grew more than 6 per cent in 2021, slightly above 2019 levels and its highest level since 2014.
China and India accounted for more than 70 per cent of the growth in coal demand in 2021. Global coal production matched consumption with China and India accounting for much of the increase, which was largely consumed domestically, as well as Indonesia, supporting higher exports.
Both Europe and North America showed an increase in coal consumption in 2021 after nearly 10 years of declines.
The share of renewables in global power generation continued to increase globally.
Renewable primary energy (including biofuels but excluding hydro) increased an annual 15 per cent, stronger than the previous year’s 9 per cent and higher than that of any other fuel in 2021.
Solar and wind capacity continued to grow rapidly in 2021, increasing by 226 gigawatts, close to the record increase of 236 in 2020.
China remained the main driver of solar and wind capacity growth last year, accounting for about 36 per cent and 40 per cent of the global capacity additions, respectively.
“Encouragingly, renewable energy, led by wind and solar power, continued to grow strongly and now accounts for 13 per cent of total power generation,” Mr Dale said.
“Renewable generation increased by almost 17 per cent in 2021 and accounted for over half of the increase in global power generation over the past two years.”
Hydroelectricity generation decreased by around 1.4 per cent in 2021, the first fall since 2015. In contrast, nuclear generation increased by 4.2 per cent — the strongest increase since 2004 — led by China.
Sholto Byrnes on Myanmar politics
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
Mohammed bin Zayed Majlis
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
COMPANY%20PROFILE%20
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Defined benefit and defined contribution schemes explained
Defined Benefit Plan (DB)
A defined benefit plan is where the benefit is defined by a formula, typically length of service to and salary at date of leaving.
Defined Contribution Plan (DC)
A defined contribution plan is where the benefit depends on the amount of money put into the plan for an employee, and how much investment return is earned on those contributions.
UAE currency: the story behind the money in your pockets
more from Janine di Giovanni
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
BACK%20TO%20ALEXANDRIA
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If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.
Kibsons%20Cares
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The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
How to donate
Text the following numbers:
2289 - Dh10
6025 - Dh 20
2252 - Dh 50
2208 - Dh 100
6020 - Dh 200
*numbers work for both Etisalat and du
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Global state-owned investor ranking by size
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Sheikh Zayed's poem
When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.
Your love is ruling over my heart
Your love is ruling over my heart, even a mountain can’t bear all of it
Woe for my heart of such a love, if it befell it and made it its home
You came on me like a gleaming sun, you are the cure for my soul of its sickness
Be lenient on me, oh tender one, and have mercy on who because of you is in ruins
You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge
You waddle even when you stand still, with feet white like the blooming of the dates of the palm
Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you
You are the cure for my sickness and my support, you dried my throat up let me go and damp it
Help me, oh children of mine, for in his love my life will pass me by.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Expert advice
“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”
Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles
“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”
Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre
“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”
Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)
Match info
Australia 580
Pakistan 240 and 335
Result: Australia win by an innings and five runs
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Tips for newlyweds to better manage finances
All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.
Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.
Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.
Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.
Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.
Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Hidden killer
Sepsis arises when the body tries to fight an infection but damages its own tissue and organs in the process.
The World Health Organisation estimates it affects about 30 million people each year and that about six million die.
Of those about three million are newborns and 1.2 are young children.
Patients with septic shock must often have limbs amputated if clots in their limbs prevent blood flow, causing the limbs to die.
Campaigners say the condition is often diagnosed far too late by medical professionals and that many patients wait too long to seek treatment, confusing the symptoms with flu.
Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
MATCH INFO
Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')
Man of the match Son Heung-min (Tottenham)
Pad Man
Dir: R Balki
Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte
Three-and-a-half stars
