Electricity is central to the functioning of modern societies and economies -andts importance is only growing as technologies that run on electricity,such aselectric vehicles and heat pumps,become increasingly popular.Power generations currently the largest source of carbon dioxide (CO₂)emissions in the world,butt is also the sector leading the transition to net zero emissions through the rapidexpansion of renewable energy sources such as solar and wind power.Ensuringconsumers have secure and affordable access to electricity while also reducingglobal carbon dioxide (CO₂)emissions is one of the core challenges of the energytransition.
Given these trends,the International Energy Agency’s Electricity 2024 is essentialreading.It offers a deep and comprehensive analysis of recent policies and marketdevelopments,and provides forecasts through 2026 for electricity demand,supplyand CO₂emissions.The IEA’s electricity sector report,which has been publishedregularly since 2020,provides insight into the evolving generation mix.In addition,this year’s report features in-depth analysis on the drivers of recent declines inelectricity demand in Europe;the data centre sector’s impact on electricityconsumption;and recent developments in the global nuclear power sector.This study was prepared by the Gas,Coal and Power Markets (GCP)Division ofthe International Energy Agency (IEA).It was designed and directed by Eren Cam,Energy Analyst for Electricity.
The main authors are:Eren Cam,Zoe Hungerford,Niklas Schoch,Francys PintoMiranda,Carlos David Yanez de León.
Keisuke Sadamori,director of the IEA Energy Markets and Security(EMS)Directorate and Dennis Hesseling,Head of GCP,provided expert guidance andadvice.Valuable comments and guidance were provided by other seniormanagement within the IEA,in particular,Laura Cozzi and Tim Gould.In addition,expert guidance and valuable input of Carlos Fernandez Alvarez,Senior EnergyAnalyst,is greatly appreciated.
The report also benefited from analysis,data and input from Syrine El Abed,Nadim Abillama,Jenny Birkeland,Javier Jorquera Copier,Keith Everhart,CaroleEtienne,Stavroula Evangelopoulou,Takeshi Furukawa,Astha Gupta,Craig Hart,Julian Keutz,Jinpyung Kim,Tae-Yoon Kim,Pablo Hevia-Koch,Rena Kuwahata,Arne Lilienkamp,Rita Madeira,Gergely Molnar,John Moloney,Yu Nagatomi,Ranya Oualid,Camille Paillard,Isaac Portugal,Brendan Reidenbach,UweRemme,Frederick Ritter,Max Schönfisch and Gianluca Tonolo.
IEA colleagues across the agency provided valuable input,comments andfeedback,in particular,Heymi Bahar,Alessandro Blasi,Toril Bosoni,StéphanieBouckaert,Elizabeth Connelly,Gaia Guadagnini,Ciarán Healy,Paul Hugues,Martin Küppers,Yannick Monschauer,Apostolos Petropoulos,Leonie Staas,Anthony Vautrin,Brent Wanner and Jacques Warichet.
The authors would also like to thank Diane Munro for skilfully editing themanuscript and the IEA Communication and Digital Office,in particular,JethroMullen,Julia Horowitz and Astrid Dumond.We also thank Einar Einarsson for hisassistance on setting up the peer review.
Many experts from outside of the IEA reviewed the report and provided valuableinput and comments.They include:
Michel Berthélemy (NEA),Sarah Keay-Bright (ESO),Bram Claeys (RAP),BrentDixon(INL),Ganesh Doluweera (CER),Fernando Dominguez (EU DSO Entity),Carlos Finat(KAEL),Peter Fraser(independent consultant),Rafael Muruais
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