Investment insights from Capital Group
1. Data as at 13 May 2021. Source: Vaclav Smil (2017) & BP Statistical Review of World Energy. Published online at OurWorldInData.org
Primary energy is calculated based on the ‘substitution method’, which takes account of the inefficiencies in fossil fuel production by converting non-fossil energy into the energy inputs required if they had the same conversion losses as fossil fuels.
2. Data as at September 2020. Source: SystemIQ analysis for the Energy Transitions Commission (2020), IEA (2017), Energy Technology Perspectives, Catalysing Energy Technology Transformations Global Infrastructure Hub, Material Economics (2018), Industry Transformation 2050, IEA (2019), World Energy Outlook
3. Source Capital Group analyst estimates
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Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.