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While power generation remains the world’s largest source of CO2 emissions, the electricity sector is also leading the shift to net zero through rapid renewable deployment such as solar and wind. Securing reliable, affordable electricity for consumers while cutting global CO2 is a core energy-transition challenge. 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Through its work, the IEA advocates policies that will enhance the reliability, affordability and sustainability of energy in its  \n31 member countries, 13 association countries and beyond.  \nThis publication and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.  \nSource: IEA.  \nInternational Energy Agency [Website:](Website: www.iea.org)[ ](Website: www.iea.org)[www.iea.org](Website: www.iea.org)  \nIEA member countries:  \nAustralia  \nAustria  \nBelgium  \nCanada Czech Republic Denmark  \nEstonia  \nFinland  \nFrance  \nGermany  \nGreece  \nHungary  \nIreland  \nItaly Japan Korea  \nLithuania Luxembourg Mexico Netherlands  \nNew Zealand Norway  \nPoland  \nPortugal Slovak Republic Spain  \nSweden  \nSwitzerland Republic of Türkiye United Kingdom  \nUnited States  \nThe European Commission also participates in the work of the IEA  \nRevised version, January 2024  \nInformation notice found at: [www.iea.org/corrections](www.iea.org/corrections)  \nIEA association countries:  \nArgentina Brazil China Egypt India  \nIndonesia Kenya Morocco Senegal Singapore South Africa Thailand Ukraine  \nAbstract  \nElectricity is central to the functioning of modern societies and economies – and its importance is only growing as technologies that run on electricity , such as electric vehicles and heat pumps, become increasingly popular. Power generation is currently the largest source of carbon dioxide (CO2) emissions in the world, but it is also the sector leading the transition to net zero emissions through the rapid expansion of renewable energy sources such as solar and wind power. Ensuring consumers have secure and affordable access to electricity while also reducing global carbon dioxide (CO2) emissions is one of the core challenges of the energy transition.  \nGiven these trends, the International Energy Agency’s Electricity 2024 is essential reading. It offers a deep and comprehensive analysis of recent policies and market developments, and provides forecasts through 2026 for electricity demand, supply and CO2 emissions. The IEA’s electricity sector report, which has been published regularly 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 in electricity demand in Europe; the data centre sector’s impact on electricity consumption; and recent developments in the global nuclear power sector.  \nAcknowledgements, contributors and credits  \nThis study was prepared by the Gas, Coal and Power Markets (GCP) Division of the International Energy Agency (IEA) . It was designed and directed by Eren Çam, Energy Analyst for Electricity.  \nThe main authors are: Eren Çam, Zoe Hungerford, Niklas Schoch, Francys Pinto Miranda, Carlos David Yáñez de León.  \nKeisuke Sadamori, director of the IEA Energy Markets and Security (EMS) Directorate and Dennis Hesseling, Head of GCP, provided expert guidance and advice. Valuable comments and guidance were provided by other senior management within the IEA, in particular, Laura Cozzi and Tim Gould. In addition, expert guidance and valuable input of Carlos Fernández Álvarez, Senior Energy Analyst , is greatly appreciated.  \nThe report also benefited from analysis, data and input from Syrine El Abed, Nadim Abillama, Jenny Birkeland, Javier Jorquera Copier, Keith Everhart, Carole Etienne, 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 Molnár, John ","cbCaieFFzqNpDQL4","https://ap.wps.com/l/cbCaieFFzqNpDQL4","pdf",6584144,170,"English","# Executive summary\n## Global trends","[{\"question\":\"Why is electricity important in the energy transition?\",\"answer\":\"Electricity is fundamental to modern economies, and its importance grows as technologies like electric vehicles and heat pumps become more common. At the same time, power generation is a major CO2 source, making decarbonisation central to the transition.\"},{\"question\":\"What does Electricity 2024 provide in terms of analysis and forecasts?\",\"answer\":\"It offers deep analysis of recent policies and market developments, and it provides forecasts through 2026 for electricity demand, supply, and CO2 emissions.\"},{\"question\":\"Which topics does this year’s report highlight?\",\"answer\":\"It includes in-depth analysis of drivers behind recent declines in electricity demand in Europe, the impact of the data centre sector on electricity consumption, and developments in the global nuclear power sector.\"}]","Electricity 2024 - Analysis and forecast to 2026 - International Energy Agency report | PDF",1792723518,428]