The International Energy Agency (IEA) forecasted on Friday that global electricity demand would grow by around 4% by the end of 2027. The agency noted that expanding the use of low-emission energy sources could help mitigate this trend.
اضافة اعلانIn its report, the IEA stated that emerging and developing economies would account for about 85% of the global demand growth, with China expected to make up more than half of the increase, growing at a rate of 6% annually through 2027.
According to the report, which was covered by CNN, electricity demand in China has been growing faster than its economy since 2020, driven by an electricity-hungry industrial sector and rapid expansion in activities dependent on electricity for manufacturing solar panels, batteries, electric vehicles, and related materials.
Air conditioning use, data centers, and 5G networks are also contributing factors.
India is expected to be a significant contributor, accounting for around 10% of the global increase, due to its strong economic activity and rapid rise in air conditioning use.
The agency also noted that demand trends in some advanced economies, such as the United States, are expected to change after experiencing stagnation, with rapid growth in electricity use in sectors like transportation, heating, and data centers.
The report predicts that low-emission energy sources, such as renewables and nuclear energy, will be able to keep pace with global demand growth as they continue to surpass coal in the energy mix.
It is expected that solar power will become the second-largest source of low-emission energy by 2027, after hydropower, and that renewable energy sources will overtake coal in overall electricity generation by 2025. This will result in the share of polluting sources falling below 33% for the first time in 100 years.
