Global Energy Demand Reaches Record High in 2024, Driven by Electricity Surge

Renewables and nuclear power supplied 80% of additional electricity, but CO2 emissions from energy still rose by 0.8%, highlighting decarbonization challenges.

• Global energy consumption grew by 2.2% in 2024, the fastest rate in over a decade, with electricity demand rising by over 4%.
• Emerging and developing countries accounted for 80% of the increase in energy consumption, driven by industrial needs, transport electrification, and record temperatures.
• Renewables and nuclear power provided 80% of the additional electricity, with these sources now making up 40% of global electricity production.
• The share of oil in global energy consumption fell below 30% for the first time in 50 years, while natural gas saw the largest increase among fossil fuels at 2.7%.
• Despite advancements in low-carbon technologies like solar, wind, and electric vehicles, energy-related CO2 emissions increased by 0.8% in 2024.

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