IEA Report Paints a Promising Picture for Clean Energy Production
Renewables and nuclear power will dominate the growth of global electricity supply over the next three years.
Global electricity demand is expected to accelerate to an average of 3% over the next three years, driven by emerging economies in Asia.
More than 70% of the increase in demand is expected from China, India and Southeast Asia.
Renewables and nuclear power are growing quickly enough to meet almost all the additional electricity demand.
Natural gas-fired power generation in the EU is expected to fall, but growth in the Middle East will partly offset this.
The strong growth of renewables will increase their share of the global power generation mix to 35% by 2025.
The CO2 intensity of global power generation will continue to decrease in the coming years.
The new IEA report highlights the need for faster decarbonization and deployment of clean energy technologies.
The increasing electrification of heating and the share of weather-dependent renewables will intensify the impact of weather events on electricity demand.
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