Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% rise in global power consumption last year, the IEA said in its annual report Global Energy Review 2025. The rise in power demand last year was nearly double the annual average over the past decade. As a result, the world’s…
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