5 take aways from IEA Electricity Market Report 2022
(1) record growth: global electricity demand rose by 1500 TWh -its strongest growth on record;
(2) coal me back: coal served more than half of additional power demand in 2021, reaching unfortunately new historic highs;
(3) China leading the way: looking forward China will account for about half of electricity demand growth through 2021-24;
(4) renewables set to rise to 33% of global power mix by 2024: expanding at a rate of 8% per year, renewables will lead the vast majority of power supply through the medium-term;
(5) green the grids: IEA analysis shows that today's policy settings are insufficient to cut emissions, with power sector emissions stagnating through the medium-term, despite the strong growth in renewables.