This trend began to reverse in 2019, when the index fell by 12% due to falling electricity demand in advanced economies, increased renewable production that ensured a plentiful supply in most markets, and falling natural gas prices. 2020 has seen an acceleration of this decline. Dramatically lower demand for electricity, increases in renewable
READ MOREThe World Energy Outlook 2023 provides in-depth analysis and strategic insights into every aspect of the global energy system. Against a backdrop of geopolitical tensions and fragile energy markets, this year''s report explores how structural shifts in economies and in energy use are shifting the way that the world meets rising demand for
READ MOREWith the world in the midst of the first global energy crisis – triggered by Russia''s invasion of Ukraine – the World Energy Outlook 2022 (WEO) provides indispensable analysis and insights on the implications of this
READ MOREFrom 2019 to 2023, clean energy growth outpaced growth in fossil fuels by a ratio of two-to-one. The production of low-emissions electricity grew by around 1 800 TWh, despite the
READ MOREAlmost two-thirds of the net reduction in EU electricity demand in 2022 is estimated to be from energy-intensive industries grappling with elevated energy prices. This trend has
READ MORESince the release of the IEA''s Electricity Market Report 2023 in February, the global energy crisis has continued to affect many parts of the world. Higher costs for energy commodities as well as economic slowdowns in various regions are still impacting electricity market trends across the globe. This report presents our latest data for 2022
READ MOREThe wholesale electricity price in France reached 490 euros per megawatt-hour in the summer of 2022, around 10 times larger than in the summer of 2020. The electricity price for households in
READ MOREDespite gas-to-coal switching and low nuclear power plant availability in Europe, global electricity sector emissions may decline slightly in 2022 and 2023 – reflecting a combination of slowing power demand and displacement of fossil fuels by renewables. This July 2022 update of the IEA Electricity Market Report presents our
READ MOREGlobal electricity demand growth is expected to ease in 2023 before accelerating in 2024. Demand is expected to grow by slightly less than 2% in 2023, down from a rate of 2.3% in 2022 and the average annual growth rate of 2.4% observed over the 2015-2019 period. This moderation is strongly driven by declining electricity demand in advanced
READ MOREGiven these trends, the International Energy Agency''s Electricity 2024 is essential reading. It offers a deep and comprehensive analysis of recent policies and market developments, and provides forecasts through 2026 for electricity demand, supply and CO 2 emissions. The IEA''s electricity sector report, which has been published regularly
READ MORERenewables and nuclear energy will dominate the growth of global electricity supply over the next three years, together meeting on average more than 90% of the additional
READ MOREIn exploring the most recent market and policy developments as of April 2022, our Renewable Energy Market Update forecasts new global renewable power capacity additions and biofuel
READ MOREIEA analysis finds that the cost of producing hydrogen from renewable electricity could fall 30% by 2030 as a result of declining costs of renewables and the scaling up of hydrogen production. Fuel cells, refuelling equipment and electrolysers (which produce hydrogen from electricity and water) can all benefit from mass manufacturing.
READ MOREimpacting electricity market trends across the globe. This report presents our latest data for 2022 as well as forecasts for global electricity demand, supply and
READ MOREGiven these trends, the International Energy Agency''s Electricity 2024 is essential reading. It offers a deep and comprehensive analysis of recent policies and
READ MOREBuilding on our analysis of these recent events, the January 2022 edition of the IEA Electricity Market Report presents our forecasts for demand, supply and
READ MOREThe World Energy Outlook (WEO) is the gold standard of long-term energy analysis. The 2018 edition provides updated analysis to show what the latest data, technology trends and policy announcements might mean for the energy sector to 2040. It also outlines an integrated way to meet multiple sustainable development goals: limiting
READ MOREHowever, the trends to 2028 are still largely insufficient to tackle the use of fossil fuels for heat and put the world on track to meet Paris Agreement goals. Without stronger policy action, the global heat sector alone between 2023 and 2028 could consume more than one‑fifth of the remaining carbon budget for a pathway aligned with limiting
READ MOREFrance is the second-largest electricity-producing country in Europe and a global leader in nuclear energy production. However, the 2022 energy crisis affected
READ MOREThe Energy Technology Perspectives series is the IEA''s flagship technology publication, which has been key source of insights on all matters relating to energy technology since 2006. ETP-2023 will be an indispensable guidebook for decision-makers in governments and industry seeking to tap into the opportunities offered by the
READ MOREAbout this report. The key areas examined by the report include the latest data and analysis on renewable power capacity additions in 2022 – globally and for major markets – as well as forecasts for 2023 and 2024. The update will look at key topics for renewables this year and next, including how the energy crisis will affect their
READ MOREAbout this report. Digital technologies are everywhere, affecting the way we live, work, travel and play. Digitalisation is helping improve the safety, productivity, accessibility and sustainability of energy systems around the world. But it is also raising new security and privacy risks, while disrupting markets, businesses and workers.
READ MOREIn exploring recent market and policy developments, the Renewable Energy Market Update forecasts new global renewable power capacity additions for 2021 and 2022. It also provides updated biofuel production forecasts for these years, as the sector suffered significant losses with declining transport demand during the pandemic.
READ MOREHigher costs for energy commodities as well as economic slowdowns in various regions are still impacting electricity market trends across the globe. This report
READ MOREThe trends shaping the energy transition. February 4, 2024 As the world accelerates toward net zero, the energy transition may require a major course correction to overcome bottlenecks and reach the goals aligned with the Paris Agreement. We published our Global Energy Perspective 2023 report last year to explore the outlook for demand
READ MOREAfter a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share. Battery electric vehicles (BEVs) accounted for two-thirds of new
READ MOREIndia Energy Outlook 2021 explores the opportunities and challenges ahead for India as it seeks to ensure reliable, affordable and sustainable energy to a growing population. The report examines pathways out of the crisis that emerged from the Covid-19 pandemic, as well as longer-term trends, exploring how India''s energy sector might evolve
READ MOREIEA Key World Energy Statistics (KWES) is an introduction to energy statistics, providing top-level numbers across the energy mix, from supply and demand, to prices and research budgets, including outlooks, energy indicators and definitions. KWES is part of the IEA''s annual edition of the world''s most comprehensive series of energy databases
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