Energy

Renewable generation growing but not enough to meet demand, IEA says

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Patrick Pleul | picture alliance | Getty Images

The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency.

Released Thursday, the IEA’s Electricity Market Report forecasts that global electricity demand will jump by nearly 5% in 2021 and 4% in 2022 as economies around the world look to recover from the effects of the Covid-19 pandemic.

The Paris-based organization’s report notes that although electricity generation from renewables “continues to grow strongly” — it’s set to rise by 8% this year and over 6% in 2022 — it can’t keep up with increasing…



Source cnbc.com

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