Amid explosive demand, America is running out of power
Washington PostFEB 21 2024
The International Energy Agency (IEA) has reported that global demand for electricity is expected to increase by 4% in 2024, the highest since 2007. Warmer temperatures, economic growth, and artificial intelligence (AI) were cited as key drivers.The International Energy Agency (IEA) has reported that global demand for electricity is expected to increase by 4% in 2024, the fastest pace since 2007. Warmer temperatures, economic growth, and artificial intelligence (AI) were cited as key drivers.
Electricity consumption in China and India is expected to increase by 6.5% and 8% respectively. The expansion of electric vehicles in China, as well as heatwaves and GDP growth in India, were factors behind the increases.
Demand growth in 2023 amounted to 2.5%. Besides rising temperatures increasing demand for climate control, the growth of data centers and the deployment of AI systems is expected to be a factor, although a lack of reliable data makes the full impact difficult to predict.