Soaring electricity demand will prolong use of fossil fuels, IEA predicts

Published October 16, 2024 12:30pm ET



Soaring energy demands from artificial intelligence and widespread electrification will prolong reliance on fossil fuels through the end of the decade, the International Energy Agency said Wednesday. 

In its annual World Energy Outlook report, the IEA revealed that electricity demand has doubled over the last 10 years, setting up a new age of electricity. This increase in demand has been primarily led by China, as well as data centers, electric vehicle development, industrial consumption, and AI.

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