Global electricity demand to rise 4% annually until 2027
According to the International Energy Agency (IEA), global electricity demand is projected to grow by 4% each year until 2027, equating to more than Japan’s total consumption. This growth will be primarily offset by the expansion of low-emissions energy sources, such as renewables and nuclear power. Emerging and developing economies will account for 85% of this demand growth, with China leading the charge. China’s power demand is expected to grow at an average rate of…