07/21/2022
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Global electricity demand growth is slowing
Official Press Release IEA:
Global electricity demand growth is slowing, weighed down by economic weakness and high prices
Wind Industry Profile of
Renewable power generation is growing faster than overall demand in 2022, leading to slight decline in global power sector CO2 emissions despite rising coal use in Europe amid gas crisis
The world’s electricity demand growth is slowing sharply in 2022 from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia’s invasion of Ukraine, according to the IEA’s latest Electricity Market Report. Global electricity demand is expected to grow by 2.4% in 2022 after last year’s 6% increase, bringing it in line with its average growth rate over the five years prior to the Covid-19 pandemic, the new report... ... More: Official Press Release IEA
- Keywords:
- IEA, global, CO2, emissions, coal, gas, renewable energy, Europe, China. power sector, prices, Russia, war, crisis
