International Energy Agency Reports Asia to Use Half of World’s Electricity by 2025

International Energy Agency Reports Asia to Use Half of World’s Electricity by 2025: Asia will use half of the world’s electricity for the first time by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released by the International Energy Agency. China will use the majority of the electricity in Asia. It is a country with 1.4 billion people whose share of global consumption will rise from a quarter in 2015 to a third by the middle of this decade.

February 2023 Current Affairs Quiz

International Energy Agency Reports Asia to Use Half of World’s Electricity by 2025- Key Points

• According to Keisuke Sadamori, director of energy markets and security at the IEA, China will use more electricity than the European Union, the United States, and India put together.
• Africa, home to almost a fifth of the world’s nearly 8 billion inhabitants, will account for just 3% of global electricity consumption in 2025.
• The IEA’s annual report predicts that nuclear power and renewables such as wind and solar will account for much of the growth in global electricity supply over the coming three years.
• The report also informs that this will prevent a significant rise in greenhouse gas emissions from the power sector.
• Scientists inform that it is possible to keep average global temperatures from rising 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial levels.
• One hope for meeting the goal is a wholesale shift away from fossil fuels such as coal, gas and oil toward low-carbon sources of energy.
• But while some regions are reducing their use of coal and gas for electricity production, in others consumption is increasing.
• The 134-page report also advised policymakers to address the growing dependence of electricity consumption and supply on the weather.
• In addition to drought in Europe, there were heat waves in India, similarly, central and eastern China were hit by heatwaves and drought.
• The United States also saw severe winter storms in December, and all of these events put enormous demand on the power systems of these regions.
• As the clean energy transition gathers pace, the impact of weather events on electricity demand will intensify due to the increased electrification of heating, while the share of weather-dependent renewables will continue to grow in the generation mix.