Renewable Energy Set to Surpass Coal by 2025, IEA Reports
Global electricity demand is rising rapidly, with solar and wind expected to meet the majority of new demand.
- Electricity demand is forecast to grow by 4% in 2024 and 2025, the highest rate since 2007.
- Renewables are projected to provide 35% of global electricity by 2025, up from 30% in 2023.
- Solar power alone is expected to meet half of the global demand growth through 2025.
- Heat waves and economic growth in China and India are driving increased electricity consumption.
- Higher energy efficiency standards are needed to manage the rising demand for cooling.