Renewables Lead Global Power Surge as Climate Risks Intensify
Summary
As climate risks intensify, renewables and nuclear power are poised to meet surging global electricity demand through 2026, displacing fossil fuels and reducing emissions, underscoring the need for resilient and diversified power systems.
Key Points
- Global electricity demand is set to grow faster through 2026, driven by economic recovery and electrification in advanced and emerging economies.
- Renewables and nuclear power are expected to meet all global electricity demand growth through 2026, displacing fossil fuels and reducing emissions.
- Extreme weather events and climate change impacts are increasing risks to electricity security, highlighting the need for resilient and diversified power systems.