International Energy Agency determined that the global demand for electricity is slowing down

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By : Franyi Sarmiento, Ph.D., Inspenet, July 27, 2022

The world demand for electricity slowed considerably in this 2022, due to the decrease in economic activity and the increase in prices, which should allow a slight decrease in greenhouse gas emissions from the sector despite the maintenance of coal , according to the International Energy Agency (IEA).

This year, the growth of renewable capacities (solar and wind) should exceed that of electricity consumption. Carbon dioxide (CO 2 ) emissions from electricity production are expected to decline compared to the peak reached in 2021, despite the return of coal in some countries, according to an IEA report on energy markets. electricity.

However, the reduction in emissions would be less than 1%, as highlighted. Carbon dioxide is one of the main drivers of climate change. This year electricity demand will grow 2.4%, compared to a 6% increase in 2021, the year of post-pandemic recovery, according to the analysis. This figure leads the world to growth similar to that before Covid-19.

Renewable electricity sources are projected to increase by more than 10% in 2022, thanks to a record level of new installations. Also that the volume of electricity generated from fossil fuels decreases globally by 1%. As for nuclear energy, its production will decrease 3%.

This PetrolNews portal material has been edited for clarity, style, and length.

Source : https://www.petrolnews.net/noticia.php?r=42949

Photo : Image by Patricia Maine Degrave from Pixabay

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