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The world's insatiable appetite for electricity is setting up a climate disaster

  • Jan 14, 2022

A report published Friday by the International Energy Agency found that global demand for electricity surged 6% in 2021, fueled by a colder winter and the dramatic economic rebound from the pandemic. That drove both prices and carbon emissions to new records. The growth in demand was particularly intense in China , where it jumped by about 10%. IEA Executive Director Fatih Birol said the ...

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Bob Meinetz's picture
Bob Meinetz on Jan 14, 2022

Here, the takeaway of CNN Business correspondent Julia Horowitz is that renewables' failure to lower carbon emissions is "good news":

"There's some good news: Rapid expansion of renewable energy capacity should be enough to cover the vast majority of the growth in global electricity demand through 2024."

EIA Executive Director Fatih Birol, however, doesn't share her blind optimism:

"While renewables are set to meet the vast majority of the increase in global electricity demand in the coming years, this trend would only result in a plateauing of emissions from electricity generation. That is insufficient for the power sector to fulfil its critical role as a leading force in the decarbonisation of economies around the world."

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