This was the dominant fuel in the global energy mix in 2020.

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Viva Budy Kusnandar 07/04/2022 17:00 WIB

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ReforMiner: A Well-Planned and Cautious Approach is Crucial for Energy Transition

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This was the dominant fuel in the global energy mix in 2020.

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Global Primary Energy Mix (2020)

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ReforMiner Institute, an independent research institution for energy and mining economics, notes that until 2020, the global energy mix was still dominated by petroleum.

Petroleum accounted for 31% of the global energy mix, followed by coal at 27%, and natural gas at 25%. Meanwhile, new and renewable energy (NRE) only accounted for 17% globally.

"The current gas supply crisis affecting the UK and Germany, coupled with the significant increase in oil and gas prices, reaffirms the crucial role of oil and gas in the global economy and energy mix," wrote ReforMiner in its report, *The Role of Oil and Gas in the Energy Mix and Transition*, released in March 2022.

In the report, ReforMiner notes that oil and gas (O&G) consumption is projected to increase, but its share in the global energy mix is targeted to decrease compared to 2020.

"In the energy transition scenario, until 2030, average global O&G consumption is projected to increase by approximately 1.50% per year. In 2030, the share of petroleum in the global primary energy mix is projected to be around 28%. Meanwhile, the share of natural gas in the global primary energy mix is projected to be around 23%," writes ReforMiner.

ReforMiner also emphasizes that the energy transition from fossil fuels to NRE must be carried out with careful and thorough planning.

"The impact of mobilizing investors, banks, and capital markets to immediately abandon fossil fuels in favor of green energy under unprepared energy transition conditions will lead to scarcity and increased energy prices worldwide," writes ReforMiner.

"The readiness and acceleration of the development of new and renewable energy (NRE), namely in realizing more competitive prices compared to fossil fuels, will be the determining factor in the success of the energy transition," it continues.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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This was the dominant fuel in the global energy mix in 2020.

This was the dominant fuel in the global energy mix in 2020.

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This was the dominant fuel in the global energy mix in 2020.

This was the dominant fuel in the global energy mix in 2020.

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