In three years, renewable energy will overtake all other sources of electricity worldwide, according to new data. A very high and rising demand exists for electricity.
90 percent of the additional demand between now and 2025 will be met by clean energy sources like wind and solar energy, along with nuclear energy, predicts the International Energy Agency's Electricity Market Report 2023.
Renewable Energy To Surpass Coal
With this increase in output, renewable energy sources will surpass coal in the next three years to become the primary source of electricity worldwide, producing 35% of it.
In the upcoming three years, the world's expanding electricity demand is expected to increase and more than double Japan's current electricity consumption, according to IEA Executive Director Fatih Birol.
The good news is that nuclear and renewable energy are expanding quickly enough to meet almost all of this additional demand, suggesting we are approaching a tipping point for emissions from the power sector.