2024-2025 global electricity demand to rise 4%, driven by economic growth and electric tech use; coal remains strong in China, India; renewables surpass coal output by 2025.

Global electricity demand is projected to surge by 4% in 2024 and 2025, driven by economic growth and increased use of electricity-consuming technologies such as electric vehicles and heat pumps. Despite the rapid expansion of renewables, global power generation from coal is unlikely to decline this year due to strong demand in China and India. Renewable electricity production worldwide is expected to surpass coal-fired plants' output in 2025 for the first time, with solar and wind meeting up to three-quarters of the growth.

July 19, 2024
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