Balkans | Clean energy sources will meet all of the growth in global electricity demand in the next two years.

While growth in global electricity demand is expected to slow this year and recover in 2024, clean energy sources are expected to meet all of the growth in electricity demand in the next two years.

According to the International Energy Agency (IEA) electricity market report, the expected 2% growth in global electricity demand this year is expected to be lower than the growth rate of last year.

While demand contraction in advanced economies is seen in the slowdown in electricity demand, electricity demand in the United States is expected to decline by 2%, in Japan by 3% and in the European Union by 3% this year.

After the decline in 2022 and this year in the European Union, electricity consumption is expected to fall to the lowest level in the past 20 years.

While global electricity demand is expected to grow by 3.3 percent in 2024 as the economic outlook improves, the growth in global electricity demand in the next two years is expected to be fully met by renewables.

According to forecasts by the International Energy Agency, by 2024, renewables will supply more than a third of global electricity production. In this context, 2024 may be the first year that electricity produced from renewables worldwide will overtake coal.

In his assessment of the report, Director of Energy Markets and Security at the International Energy Agency, Keisuke Sadamori, stated that the world’s electricity needs will continue to increase strongly in the coming years, and said: “By 2024, the increase in global demand is expected to reach about three times that of consumption “We are encouraged by the growing share of renewables in electricity generation and the resulting decline in the use of fossil fuels for electricity generation. Now is the time for policymakers and the private sector to build on this momentum to ensure continued reductions in emissions from the energy sector.” Use his statements.

AA