Global electricity demand growth is adding the equivalent of Japan’s demand each year and rising even more quickly in scenarios that meet national and global goals for achieving Net Zero emissions, according to the IEA’s World Energy Outlook 2024 report.
After the age of coal and oil, we are now moving at speed into the ‘age of electricity’, which will define the global energy system in future and increasingly be based on clean sources of electricity.
Electricity demand is growing much faster than overall energy demand, thanks to existing uses, notably cooling, and new ones such as electric mobility and data centres.
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