Renewable electricity generation is growing — but it’s not enough to meet rising demand, IEA says
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...