Rapid Electricity Growth:
- Worldwide electricity consumption is surging, with a significant 4.3% increase in 2024 and a projected near 4% annual rise through 2027.
China’s Dominance:
- China has overtaken the United States and the European Union as the world’s largest electricity consumer.
Emissions Outlook:
- Global carbon dioxide emissions from electricity generation are expected to level off between 2025 and 2027, despite a 1% increase in 2024.
Renewable Energy Expansion:
- Nearly all (95%) of the growing global electricity demand from 2025 to 2027 will be met by renewable energy sources.
India’s Surge:
- India’s electricity demand experienced a substantial 5.8% increase in 2024 and is predicted to grow by an average of 6.3% each year from 2025 to 2027.
- India’s nuclear energy production saw a significant 13% increase in 2024.
- India is increasing its thermal power capacity, with a projected reach of 283 GW by 2032.
India’s Energy Mix:
- Coal remains the primary energy source in India, accounting for 74% of the power mix in 2024.
- India is expanding its renewable energy sector, with its share of the energy mix expected to rise from 21% in 2024 to 27% by 2027.