The power sector is getting close to “a tipping point” on its carbon dioxide emissions as renewable energy and cleaner sources of electricity generation are set to provide almost all the new global electricity demand in the next three years, the International Energy Agency has forecast.
The IEA said it expected demand to increase “at a much faster pace” of an average of 3 per cent to 2025, after plateauing in 2022 when the global energy crisis and exceptional weather in some parts suppressed demand.
Global electricity generation is one of the most significant contributors to the greenhouse gas emissions behind climate change, from the burning of fossil fuels.
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