WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 297
Market Data
Customers
ENERGY IN
THE REGIONS
Energy efficiency progress combined with high prices and consumption reduction trigger energy
intensity drop in europe
FIGURE 22
Annual Primary Energy Intensity Improvement, 2010-2023 And In The Net Zero Scenario, 2022-2023
8.0%
4.8%
4.0%
1.9%
1.5%
1.3%
• The impact of the energy crisis was most
immediate and severe in Europe. Driving prices
up and making a consumption collapse e昀昀ect. In
the European Union, energy intensity progress
reached nearly 8% in 2022, followed by 5%
in 2023. This was due to ongoing pressure to
conserve energy during the crisis and the initial
e昀昀ects of incentives from REPowerEU starting
to take hold
• The USA achieved a 4% improvement in energy
intensity in 2023, driven by high energy prices
and a milder climate, as the record heat a昀昀ecting
other regions largely missed the country
• China's weaker energy intensity progress
signi昀椀cantly a昀昀ected the global rating. After
pandemic restrictions ended, China's economic
growth rebounded to 5% in 2023 from 3% in
2022
2.5%
2.2%
2.0%
4.1%
3.8%
HOME
Energy intensity progress, churn rates
Source: International Energy Agency (IEA)
USA
China
2022-2030
2023
2022
2010-2019
2023
2010-2019
2023
2022
EU
NZE
297
World
2022
2010-2019
2023
2022
2010-2019
-0.3%
WEMO 2024
0.0%
