Tuesday, March 21 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Mar 20
Week of Mar 13
Week of Mar 06
Week of Feb 27
Week of Feb 20
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Renewables 'to meet electricity demand growth in 3 years'

    February 8, 2023 - TradeArabia


      Renewables are set to dominate the growth of the world's electricity supply over the next three years, as together with nuclear power, they will meet the vast majority of the increase in global demand through 2025, according to the International Energy Agency (IEA).

      This will check significant rises in the power sector's carbon emissions, said a new IEA report.

      The growth in world electricity demand is expected to accelerate to an average of 3 per cent over the next three years after slowing slightly last year to 2 per cent, said the IEA's Electricity Market Report 2023.

      Emerging and developing economies in Asia are the driving forces behind this faster pace, which is a step up from the average growth of 2.4 percent during the years before the pandemic.

      More than 70 per cent of the increase in global electricity demand over the next three years is expected to come from China, India and Southeast Asia. China's share of global electricity consumption is currently forecast to rise to a new record of one-third by 2025, up from one-quarter in 2015. At the same time, advanced economies are seeking to expand electricity use to displace fossil fuels in sectors such as transport, heating and industry.

      "The world's growing demand for electricity is set to accelerate, adding more than double Japan's current electricity consumption over the next three years," said IEA Executive Director Fatih Birol.

      "The good news is that renewables and nuclear power are growing quickly enough to meet almost all this additional appetite, suggesting we are close to a tipping point for power sector emissions. Governments now need to enable low-emissions sources to grow even faster and drive down emissions so that the world can ensure secure electricity supplies while reaching climate goals," Birol added.

      The strong growth of renewables means their share of the global power generation mix is forecast to rise from 29 percent in 2022 to 35 percent in 2025, with the shares of coal- and gas-fired generation falling. As a result, the CO2 intensity of global power generation will continue to decrease in the coming years, the report said.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.