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Apr 22, 2026 - The Engineering Genius Behind Switzerland`s Underground Hydroelectric Facility

Apr 22, 2026 - Akkuyu plant to boost Türkiye`s role in nuclear energy

Apr 21, 2026 - Have We Reached a Turning Point for Fossil Electricity?

Apr 20, 2026 - Powering The Internet is Becoming a Big Problem

Apr 20, 2026 - EV sales soar in main European markets as drivers shun expensive petrol

Apr 18, 2026 - From Diesel to Electric: Ethiopia`s Bold Bet on EVs

Apr 16, 2026 - How digitalisation & AI are powering Europe`s energy transition
Trending Now: Solar, Wind, Grid

Jan 26, 2024 - Clean energy is set to cover world`s additional electricity demand



Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new report from the IEA.

Electricity 2024 is the latest edition of the IEA`s annual analysis of electricity market developments and policies, providing forecasts for demand, supply and carbon dioxide (CO2) emissions from the sector through 2026. The report finds that while global growth in electricity demand eased slightly to 2.2% in 2023 due to falling electricity consumption in advanced economies, it is projected to accelerate to an average of 3.4% from 2024 through 2026. About 85% of the increase in the world`s electricity demand through 2026 is expected to come from outside advanced economies – most notably China, India and countries in Southeast Asia.

However, record-setting electricity generation from low-emissions sources – comprising renewables, such as solar, wind and hydro, as well as nuclear power – should reduce the role of fossil fuels in providing power for homes and businesses. Low-emissions sources are expected to account for almost half of the world`s electricity generation by 2026, up from a share of just under 40% in 2023.

Renewables are set to make up more than one-third of total electricity generation by early 2025, overtaking coal. By 2025, nuclear power generation is also forecast to reach an all-time high globally as output from France climbs, several plants in Japan come back online, and new reactors begin commercial operations in many markets, including in China, India, Korea and Europe. When the share of fossil fuels in global generation falls beneath 60%, this will mark the first time it has gone below this threshold in IEA records dating back more than five decades.