IEA Review: 2024 Electricity Demand Surge Boosted Both Fossil Fuels and Renewables
The International Energy Agency (IEA) has reported that soaring electricity demand in 2024 led to increased power generation from both renewable energy sources and fossil fuels. The agency attributes this surge to record-breaking temperatures, which spiked air conditioning use and significantly raised global energy consumption. Heating and cooling accounts for some of the largest energy expenses in homes and offices. In regions that regularly experience extreme temperatures, air conditioning is critical for maintaining safe indoor conditions. However, climate change has intensified extreme weather events worldwide, forcing many countries to ramp up electricity production to meet demand and prevent power shortages.…