The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves, and increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by the IEA.
At the same time, renewables continue their rapid ascent, with solar PV on course to set new records.
Global electricity demand is forecast to grow by around 4% in 2024, up from 2.5% in 2023, the IEA’s Electricity MidYear Update finds. This would represent the highest annual growth rate since 2007, excluding the exceptional rebounds seen in the wake of the global financial crisis and the COVID-19 pandemic.
The strong increase in global electricity consumption is set to continue into 2025, with growth around 4% again, according to the report.
Renewable sources of electricity are also set to expand rapidly this year and next, with their share of global electricity supply forecast to rise from 30% in 2023 to 35% in 2025.
The amount of electricity generated by renewables worldwide in 2025 is forecast to eclipse the amount generated by coal for the first time.
Diese Geschichte stammt aus der EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -Ausgabe von Energy & Power.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der EP_22_04 (Energy & Power Vol 22 Issue 4 August 1, 2024) -Ausgabe von Energy & Power.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Govt to Buy Two Cargoes of LNG from Spot Market
The advisory committee on government purchase has approved the import of two cargoes of liquified natural gas (LNG) from the spot market.
Price of LPG 12kg Cylinder Rises by Tk 45
The price of liquefied petroleum gas has risen by nearly Tk 3 per kg in October in Bangladesh in line with rising prices on the international market.
KrisEnergy, Bangladesh Holds Session on Gas Gun
As part of the initiative of the Southeast Asian Petroleum Exploration Society (SEAPEX), KrisEnergy, Bangladesh has arranged two sessions and the third session was held recently.
Palki Motors Accepted into Accelerator Asia's Cohort 10 with $100,000 Impact Investment
Palki Motors Pte. Ltd., a purpose-driven electric vehicle manufacturer committed to transforming commercial mobility, announced its acceptance into South Asia’s largest pre-Series A accelerator, Accelerator Asia, as part of Cohort 10.
RNPP Biggest White Elephant of Former Govt: Prof Mainul
Economist Dr Mainul Islam said Rooppur Nuclear Power Plant (RNPP) is the biggest white elephant of the former government.
Explosion at Ctg Oil Tanker: Two Bodies Recovered
Two bodies were recovered from crude oil tanker \"Banglar Jyoti\" hours after a fire broke out following an explosion on the ship's bow recently.
Farzana Mamtaz New Power Secretary
The government has promoted additional secretary Farzana Mamtaz to the post of secretary.
Denmark Keen to Invest in Bangladesh's Offshore Wind Energy, Port
Denmark has expressed keen interest to invest into Bangladesh's port infrastructure and offshore wind energy as well as support to further development of the pharmaceutical sector.
Norway's Offshore Discoveries Deliver Swift Payback
E&P companies spent about NOK660 billion ($62.5 billion) exploring for oil and gas on the Norwegian Continental Shelf between 2004 and 2023, according to the Norwegian Offshore Directorate (NOD).
OPEC+ Countries Keep Plans to Boost Oil Production from Dec: Novak
OPEC+ countries are currently keeping plans to ramp up oil production from December 2024 but will monitor the market situation, Deputy Prime Minister Alexander Novak told reporters. \"No changes have been discussed thus far,\" Novak said.
