IEA Report: Global Energy Demand Set to Surge

A new International Energy Agency (IEA) report predicts global electricity demand will rise by 4% annually through 2027, driven by:

Industrial growth

Rising air conditioning use

Electrification of transport

Data center expansion

85% of demand growth will come from developing countries.

Advanced economies will also see increased power consumption after a period of stagnation.

Solar PV will supply 50% of the demand increase, aided by cost reductions and policies.

Nuclear power will reach new generation highs yearly from 2025 onward.

CO₂ emissions from electricity generation are expected to plateau, following a 1% rise in 2024.

The report also highlights blackouts from extreme weather events, emphasizing the need for a more resilient power grid.

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