Global demand for electricity is growing at its fastest pace, driven in part by economic growth, climate change and technology.
The International Energy Agency (IEA) expects electricity demand to increase to its highest level in 20 years in 2024 and 2025. This was stated in the IEA report published on Friday, July 19.
Global demand for electricity is growing at its fastest pace, driven in part by economic growth, climate change and the growing use of electricity-powered technologies such as electric vehicles and heat pumps.
Demand is expected to increase by 4% in 2024, the fastest pace since 2007, excluding rebounds from the financial crisis and the pandemic. Growth will also continue in 2025.
In this regard, renewable sources, especially solar energy, are also growing rapidly and by 2025 their share in global electricity supply will reach 35%, surpassing coal production. That could lead to a slight reduction in global emissions in the energy sector.
Thus, solar energy should provide half of the growth in global demand in 2024-2025, and with wind energy – three quarters.
However, power generation from coal will remain significant due to strong demand, particularly from India and China.
We remind you that the Italian government, led by Giorgia Meloni, seeks to restore nuclear energy to the country in order to reduce carbon dioxide emissions into the air.
While a new six-month record for electricity production from renewable energy sources (RES) – wind, sunlight, biomass and water – was set in Germany.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.