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Fatih Birol Profile picture
@fbirol
Jan 24 • 7 tweets • 4 min read • Read on X
Scrolly
The transformation of the world's power sector means clean sources are set to meet all the increase in global electricity demand in the next 3 years

This is mainly thanks to renewables' huge growth but also nuclear's rebound to a historic high in 2025 ➡️ iea.li/3OdHAe2
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Global electricity demand is set to grow strongly in the years ahead

Most demand growth is in emerging economies, led by China, India & Southeast Asia - but EVs, heat pumps & data centres are pushing up electricity use in advanced economies as well

More: iea.li/3u3PCzh
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Growing low-emissions sources, led by solar, puts them on track to account for almost half of global electricity generation by 2026, up from just under 40% in 2023

This pushes power sector emissions into structural decline in the coming years

Read more: iea.li/3ubl4eX
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Global nuclear power generation is on course to rise to a new all-time high in 2025

This is the result of recovering output in France, plants coming back online in Japan, and new reactors starting commercial operations in many markets, including in China, India, Korea & Europe Image
While electricity use per capita in India & Southeast Asia has risen rapidly, it has barely changed in Africa for over 30 years.

Scaling up reliable, affordable & sustainable electricity supply and grids is vital for Africa's economic development and its energy access goals. Image
Electricity prices were generally lower in 2023 than in 2022. But they varied widely by region, affecting economic competitiveness.

Despite a 50% decline, prices for energy-intensive industries in the European Union in 2023 were almost double those in the United States & China. Image
Find out more about electricity markets, policies & trends around the world in @IEA’s Electricity 2024 report, which we just released today

The full report is freely available on our website ⬇️ iea.li/3u3PCzh

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More from @fbirol

Fatih Birol Profile picture
Jan 11
The world added a historic 510 gigawatts of renewable power capacity in 2023, up 50% from a year before

Under current policies & market trends, global renewable capacity is set to be 2.5 times higher by 2030, not far off the COP28 goal of tripling

More: iea.li/41QZoRW
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Our new Renewables report is the 1st part of @IEA’s follow-up work on the energy outcomes of COP28 that will continue through 2024 & beyond

It provides detailed country-level analysis & a new online tool to track progress towards the goal of tripling renewables to over 11,000 GW Image
@IEA Many countries saw strong growth in renewables in 2023, but China once again led the way. It installed as much solar PV last year as the entire world did in 2022.

The US, EU & Brazil also hit all-time highs, with solar the driving force

@IEA's report: iea.li/48OXaoa
Image
Read 7 tweets
Fatih Birol Profile picture
Nov 23, 2023
The oil & gas industry faces a moment of truth at #COP28

It must choose: keep fueling the climate crisis or embrace the shift to clean energy.

Today, its efforts aren’t encouraging. It accounts for under 1% of global clean energy investment.

Our report: iea.li/3R79gDf
Image
Today, the oil & gas industry invests about 2.5% of its total capital spending in clean energy

If oil & gas producers want to play their full part in meeting the goals of the Paris Agreement, our report shows that 50% of their investments should be going to clean energy by 2030 Image
Continuing with business-as-usual for oil & gas while hoping a vast deployment of carbon capture will cut the emissions is fantasy

It would mean an implausibly large amount of carbon capture, requiring a huge leap in annual investment from $4 billion last year to $3.5 trillion! Image
Read 10 tweets
Fatih Birol Profile picture
Oct 24, 2023
The energy world will look very different by 2030, even under today's policy settings

🚗 Nearly 10 times as many electric cars

☀️ Renewables = 80% of new power

⚡️ Electric heating outselling gas boilers

🏭 Fossil fuel demand has peaked

➡️  iea.li/46Ye8jd
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Much has changed since the 1973 oil shock that led to the founding of @IEA, & faster changes are ahead

With geopolitical tensions in the Middle East refocusing attention on energy security, #WEO23 shows clean energy offers the lasting solutions to our energy & climate challenges Image
@IEA The transition to clean energy is happening worldwide & it’s unstoppable

The combination of growing momentum behind clean energy technologies & structural economic shifts, notably in China, is reshaping the global energy system this decade

Read more ➡️ iea.li/45CuH36
Image
Read 10 tweets
Fatih Birol Profile picture
Oct 17, 2023
Our new report on the world’s electricity grids is out!

The 1st-of-its-kind, country-by-country analysis shows that to meet energy & climate goals, we need to add or replace 80 mln km of power lines by 2040

That's the size of the entire global grid built over the past 100 years
The rapid growth of renewables like solar & wind is a key part of clean energy transitions. But grids, which bring the electricity to consumers, aren't keeping up.

Investment in renewables has nearly doubled since 2014. For grids, it has barely changed 👉 iea.li/3QtwV0B
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Grids are becoming a bottleneck, with potentially serious impacts on clean energy transitions & electricity security

@IEA analysis shows a growing queue of advanced stage renewables projects - about 1,500 gigawatts' worth - waiting to be connected to the grid in key markets Image
Read 6 tweets
Fatih Birol Profile picture
Sep 26, 2023
🚨 The @IEA's new #NetZeroRoadmap is out! 🚨

The path to limiting global warming to 1.5C has narrowed since 2021, but despite stubbornly high emissions, the staggering growth of clean energy technologies like solar & EVs is keeping it open

Take a look ➡️ iea.li/3Ry8WOw
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We have the tools we need to shift to a net zero pathway

Expanding renewable power, accelerating energy efficiency progress, electrification of transport & tackling methane together deliver more than 80% of the emissions reductions required by 2030

More: iea.li/3PsVBEF
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The key goals for 2030, based on proven & often cost-effective technologies:

➡️Tripling renewable capacity
➡️Doubling energy efficiency
➡️Cutting methane by 75%

These actions drive down fossil fuel demand by over 25% by 2030; solar & EVs are already growing in line with them. Image
Read 10 tweets
Fatih Birol Profile picture
May 25, 2023
A major shift is taking place in global energy

5 years ago, for $1 invested in fossil fuels, the same went to clean energy. But since then, a big gap has opened up.

This year, for $1 invested in fossil fuels, $1.70 is going to clean energy ➡️ iea.li/3BQOlMq Image
The shining example of the growth in clean energy investment is solar, which in 2023 is set to attract more capital than global oil production for the first time ever

This reflects the changing tide in world energy

Read more in @IEA's new report 👉 iea.li/43jx6Pi Image
@IEA The oil & gas industry benefited from an unprecedented cash windfall in 2022, but most of this has gone to dividends, share buybacks and paying back debt – rather than into energy investments Image
Read 8 tweets

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