The International Energy Agency (IEA) has revealed that renewables are poised to cover the impending rise in worldwide electricity demand for the next three years. According to a recent IEA forecast, renewables like solar and wind will cover a whopping 95% of the globe’s increased energy demand until 2028. Electrification across several industries coupled with the increased demand for cloud and artificial intelligence services will be largely responsible for the surge in global demand for electricity.
The agency’s annual report, titled Electricity 2025, noted that the growth of energy-intensive sectors will accelerate the world’s increasing energy demands. Electrification coupled with surging demand for data centers and air conditioners will push the world into an era where electricity is critical to the global…
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