Context:
International Energy Agency (IEA) released Electricity 2025 Report.
Highlights of the report:
- Energy Demand Growth – Global energy demand increased by 4.3% in 2024.
- China’s Consumption – China has overtaken both the US and the EU, emerging as the highest consumer of electricity.
- CO2 Emissions – Global CO2 emissions from electricity generation are expected to stabilize from 2025 to 2027 after a 1% rise in 2024.
- Renewable Energy Contribution – Renewable energy sources, including solar, wind, and hydropower, are anticipated to account for approximately 95% of the electricity demand growth between 2025 and 2027.
India-specific Findings:
- Demand Surge – India’s electricity demand surged by 5.8% in 2024.
- Thermal Power Capacity – India’s thermal power capacity is expected to increase to 283 GW by 2032.
- Coal Dominance – Coal remains the dominant energy source, comprising 74% of India’s power mix in 2024.
- Renewable Energy Growth – The share of renewable energy in India’s power mix is projected to rise from 21% in 2024 to 27% by 2027, with solar photovoltaic (PV) leading this expansion.
- Nuclear Power Expansion – Nuclear power generation saw a 13% increase in 2024.
International Energy Agency (IEA):
- Founded in – 1974, in response to the 1973 oil crisis.
- Headquarters – Paris, France.
- Mission – Collaborates with governments and industry to shape a secure and sustainable energy future for all.
- Membership – Only OECD member countries can join as IEA members.
- Current Members – 31 member countries, 13 association countries, and 4 countries seeking membership (Chile, Colombia, Israel, and Costa Rica).
- India’s Status – Joined the IEA family as an Association country in 2017.
- Funding – Funded by member countries, and voluntarily by non-member countries, energy companies, and private donations.
- Important Reports – World Energy Outlook, Energy Technology Perspectives (ETP), Gas Market Report, Global Electric Vehicles (EV) Outlook etc.
Source: IEA
Previous Year Question
Which of the following organizations brings out the publication known as ‘World Economic Outlook’?
[UPSC Civil Service Exam – 2014 Prelims]
(a) The International Monetary Fund
(b) The United Nations Development Programme
(c) The World Economic Forum
(d) The World Bank
Answer: (a)