Demand in Electricity Production Requires Fossil Fuel in 2024
By Shubhendra Anand , 07 February, 2024
According to the International Energy Agency (IEA), global electricity growth is expected to ease by 2.2 percent in 2023 due to reduced electricity consumption in developed nations worldwide. However, electricity consumption is expected to increase by 3.4 percent from 2024 to 2026. Surveys cite that low electricity emissions are expected to increase by half of the world's electricity production by the end of 2026. It rose from 40 percent electricity generation in 2023. Therefore, renewable energy sources are expected to support electricity generation primarily, but fossil fuel contribution will be there, even if in a small amount.
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