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Global Energy Review 2025
Context
The Global Energy Review 2025, released by the International Energy Agency, marks the impact of extreme weather on energy demand in 2024.
Key Findings of the Report
- Impact of Extreme Temperatures on Energy Demand
- Cooling Demand: Extreme heat drove a 20% contribution to the growth in both natural gas and electricity demand.
- Record Global Cooling Degree Days: A 6% increase compared to 2023, especially affecting regions like China, India, and the United States.
- o Growth in Global Electricity Demand: Global electricity demand grew by 4.3% in 2024, up from 2.5% in 2023.
- Sector Contributions:
- Buildings: Grew by 5% (over 600 TWh), driven by rising air conditioning needs and new data centres, accounting for nearly 60% of total electricity growth.
- Industry: Electricity use increased by nearly 4%, boosted by electro-intensive manufacturing.
- Transport: A rise of over 8% due to the growing adoption of electric vehicles; global electric car sales surged by over 25%.
- Generation Mix:
- 80% of the increase in global electricity generation came from renewable sources and nuclear power.
- Renewables alone provided 32% of total generation.
- Nuclear power added over 7 GW of new capacity, a 33% increase over 2023, marking the fifth-highest addition in three decades.
- Coal Use: Global coal demand rose by 1%, with China remaining the largest consumer (58% of global coal use). Coal emissions increased by 0.9% (135 Mt CO?).
- Natural Gas: Emissions from natural gas grew by around 2.5% (180 Mt CO?), making it the largest contributor to global carbon emissions growth, driven by higher consumption in major regions including China, the U.S., the Middle East, and India.
- 80% of the increase in global electricity generation came from renewable sources and nuclear power.
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