The International Energy Agency (IEA) published the bi-annual Electricity Market Report in early 2022.
Highlights:
According to the report, countries are increasingly turning to fossil fuels to meet rising electricity demand as Covid-19 lockdown restrictions ease.
In 2021, global electricity demand is expected to rise by 6% year on year. It was the IEA’s steepest year-on-year increase since the 2008 financial crash.
Year on year, global energy intensity fell by 1.9 percent. This drop was only half of what was needed to lay the groundwork for net-zero energy by 2050.
Renewable electricity generation will increase by 6% year on year in 2021. Coal-fired power generation has increased by 9%.