Energy industry encompasses all industries involved in fuel production and distribution. Modern society heavily relies on energy for infrastructure and maintenance. Industry includes fossil fuels, electrical power, nuclear power, and renewable sources
Global electricity consumption reached 24,398 TWh in 2022, three times from 1981. China, US, and India account for over half of global consumption. Total worldwide electricity production was nearly 29,000 TWh in 2022. Electricity accounted for over 20% of worldwide final energy consumption
Wind power supplied 2,304 TWh of electricity in 2022, 7.8% of global total. Global installed wind capacity exceeded 800 GW in 2021. Wind generation nearly tripled since 2015. 32 countries generated over 10% of electricity from wind in 2023
OPEC was established in 1960 by five founding members in Baghdad. Organization restructured global oil production away from Anglo-American "Seven Sisters". By 1970s, OPEC members controlled over half of world's oil production
Onshore wind is mature with extensive global supply chain. Wind turbines have become bigger with taller hubs and larger rotors. Offshore wind expected to grow rapidly in coming years. Wind surpassed nuclear generation in 2025
Finland was first to introduce carbon tax in 1990. 23 European countries have implemented carbon taxes since then