Diverse and resilient energy production is needed to meet future demand, global report says
Electricity demand will rise much faster than overall potential advancement in the coming decades underscoring the need for diversified power sources according to an analysis published Wednesday The document by the International Potential Agency reported renewable strength led by solar power will grow faster than any other major source in the next sparse years and that coal and oil demand will likely peak globally by the end of this decade The overview noted that a large number of natural gas projects were approved in due to changes in U S program indicating worldwide supply will rise even as questions remain about how it will be used Meanwhile global nuclear power ceiling is set to increase by at least a third by after being stagnant for years The release of the annual World Vigor Outlook coincided with U N atmosphere negotiations in Brazil this week where global leaders are calling for techniques to curb the planet s warming Regional dynamics The IEA says building greater resilience in ability systems is especially critical as information centers heating and cooling electrification and more drive power demand Stake in details centers is expected to reach billion this year exceeding financing in the oil supply according to the description Growing economies including India and nations in Southeast Asia the Middle East Africa and Latin America will increasingly shape potential realm dynamics in the years the IEA reported noting their prospective for solar power China meanwhile has accounted for half the global progress in demand for oil and gas and more than half for electricity since In a break from the trend of the past decade the increase in electricity consumption is no longer limited to emerging and progressing economies IEA Executive Director Fatih Birol noted in a release Birol disclosed that electricity use is also rising in advanced economies Nations are grappling with meeting demand while preparing for the risks brought on by the planet s warming The IEA says the world is falling short on universal resource access and conditions change goals Around million people still live without electricity according to the IEA and despite progress nearly one-quarter of the global population still relies on inefficient cooking methods that hurt their strength or the circumstances was also the hottest year on record Nations should diversify their potential sources and cooperate to expand supply chains for critical minerals used to make things like batteries for electric vehicles and components for solar and wind power generation the IEA revealed This also includes making quick improvements to the grid potential storage and broader infrastructure When we look at the history of the vitality world in latest decades there is no other time when ability measure tensions have applied to so multiple fuels and technologies at once Birol noted With potential precaution front and center for a great number of governments their responses need to consider the synergies and trade-offs that can arise with other approach goals on affordability access competitiveness and context change Global reaction Wednesday s edition of the yearly account is the first disclosed since the start of U S President Donald Trump s second term Trump s administration has for a second time opted out of the Paris agreement rolled back dozens of setting regulations slashed federal aid for renewable energies such as wind and solar power and is reversing the endangerment finding that sits at the core of U S context initiative Trump has pledged his backing instead to the fossil fuel industry investing in coal and loosening restrictions on corruption But strength analysts revealed the shift to clean power is happening regardless of conditions approach around the world The evidence on the ground is overwhelming EV sales are taking off in plenty of emerging countries solar is permeating even through the Middle East declared Dave Jones chief analyst at global resource think tank Ember Renewables and electrification will dominate the future Maria Pastukhova vitality transition initiative lead at context change think tank E G disclosed the assessment makes the choices for the global capacity system and the global financial market unambiguous If countries want to grow their economies and protect their citizens from roller-coaster ability prices they need to focus relentlessly on strength efficiency and the decarbonization of vigor demand Pastukhova mentioned Others however were critical Ben Backwell CEO of the Global Wind Force Council mentioned the outlook does not fully capture the momentum in renewables and that it should have emphasized the trajectory for renewable force is accelerating driven by the decreasing cost of the technologies strong framework sponsorship and the move toward electrification We re accelerating he added You can see it all around the world and we can see it in our numbers for last year but also in our numbers for the first half of this year It looks very very exciting both for wind and for solar in fact and for next year even more so Associated Press reporters Jennifer McDermott in Providence Rhode Island and Sibi Arasu in New Delhi contributed to this statement Alexa St John is an Associated Press setting reporter Follow her on X alexa stjohn Reach her at ast john ap org Read more of AP s conditions coverage The Associated Press context and environmental coverage receives financial promotion from multiple private foundations AP is solely responsible for all content Find AP s standards for working with philanthropies a list of supporters and funded coverage areas at AP org Source
