Electricity demand to grow to 2030, while 2 500 GW of projects are stalled

Global power demand is set to grow by 3.6% a year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, says international organisation the International Energy Agency (IEA). Yearly demand growth over the next five years is set to be 50% higher on average compared with the average across the previous decade. This is the first time in three decades, excluding periods of crisis‑related disruption, that global electricity demand has outpaced economic growth in what is set to become a broader trend in the coming years.