World energy supply and consumption

As high temperatures drive up energy demand in Cyprus, the island remains heavily reliant on oil for electricity production. This dependency places Cyprus at the bottom of the European Union's decarbonization efforts, in stark contrast to the energy policies and carbon footprints of other European nations.

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday.

The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the amount going to fossil fuels.

Türkiye remains committed to a diversified energy portfolio, investing in both traditional and renewable energy sources, Energy Minister Alparslan Bayraktar has said.

Türkiye's reliance on imported energy resources declined to 67.8 percent in 2022 from around 70 percent in the previous years, Energy and Natural Resources Minister Alparslan Bayraktar has stated.

Non-hydro renewable generation, which includes wind, solar and bioenergy, has doubled in Turkey since 2017, and overtook hydropower for the first time, according to a report released by Britain-based think tank Ember.

If current policy and technology trends continue, global energy consumption will grow by nearly 50 percent between 2020 and 2050, according to International Energy Outlook 2021 published by Energy Information Administration (EIA) on Oct. 6.