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World demand for electricity in 2021 will grow by 5%, in 2022 – by 4%, the International Energy Agency (IEA) predicts, TURAN reported.
“According to the latest data, global electricity demand, after falling by about 1% in 2020 due to the impact of the COVID-19 pandemic, will grow by almost 5% in 2021 and 4% in 2022,” the IEA said in its July Electricity report. Market Report.
The agency notes that most of the increase in electricity demand will come from the Asia-Pacific region, primarily China and India.
The production of electricity in the world from renewable energy sources, according to the IEA forecast, will grow – by 8% in 2021 and by more than 6% in 2022.
“But even with this strong growth, renewables will only be able to meet about half of the projected increase in global electricity demand over these two years,” the agency adds.
Fossil fuel-based electricity generation will cover 45% of additional demand in 2021 and 40% in 2022, with the remainder coming from nuclear power, according to the IEA.