The International Energy Agency (IEA) forecasts a significant increase in global electricity demand, estimating an additional 3,500 terawatt-hours needed by 2027, highlighting the challenge of meeting this unprecedented demand. Much of this increase will come from emerging markets, coupled with rising consumption in advanced economies. Factors driving this demand include the expansion of datacenter operations, increased air conditioning use, and the growth of electric vehicles and heat pumps. Despite recent stagnation in advanced economies, the energy landscape is rapidly evolving due to technological advancements and climate change impacts.
The world is expected to need an additional 3,500 terawatt-hours of energy generation between now and 2027 to meet unprecedented electricity demand.
Emerging and developing economies will significantly drive global electricity demand growth, while advanced economies are also experiencing rising consumption post-stagnation.
#electricity-demand #international-energy-agency #emerging-markets #advanced-economies #energy-generation
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