Global electricity demand surge forecast by IEA
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The International Energy Agency (IEA) forecasts that global electricity demand will grow by over 3.5% annually for the rest of the decade, driven by electrification in industries, electric vehicles, and data centers. Emerging economies will account for 80% of this demand, with China alone expected to add demand equivalent to the EU's total consumption. By 2030, renewables and nuclear power are projected to comprise 50% of global electricity generation, while natural gas use is expected to rise by 2.6%.
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