Total energy in the EU, what Eurostat calls gross available energy, fell by 4.1 % in 2023, the equivalent of about 380 million barrels of oil, marking a record low.
Long-running efficiency policies have reduced waste across all sectors, while milder winters have decreased heating demand. The spike in fossil fuel prices caused by Russia’s full-scale invasion of Ukraine has prompted additional conservation efforts.
Put simply, Europe is managing to do more with less.
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