The International Energy Agency has predicted that low-emission power sources led by renewables and nuclear energy will meet most of the expected surge in global electricity demand over the next three years
A new report published by the International Energy Agency (IEA), "Electricity 2024," states that there will be an increase in global electricity demand over the next three years. However, this spike is predicted to be covered by clean energy technologies. The report also highlights that generating low-emissions energy sources, such as nuclear power and renewables, is expected to surpass the demand for power.
According to the press release, nuclear power is expected to reach a record high in 2025, while renewable energy sources continue to expand rapidly. The IEA's executive director, Fatih Birol, expressed his optimism about the future of global electricity demand and the progress that is being made towards cleaner energy sources.
The report also predicts that global electricity demand will increase by an average of 3.4 percent from this year through 2026, with India, China, and Southeast Asian countries accounting for approximately 85 percent of the increase. Despite this increase, the generation from low-emissions power sources, including solar, wind, hydro, and nuclear, is expected to reduce reliance on fossil fuels.
The report concludes that low-emissions sources are expected to make up nearly half of the planet's electricity generation by 2026, up from 40 percent in 2023. It is encouraging that the generation of renewable energy sources and nuclear power is on course to match the increase in global electricity demand.