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Home»Finance»Renewable energy hits 32% of global electricity in 2024, states Ember report
Finance

Renewable energy hits 32% of global electricity in 2024, states Ember report

April 8, 2025No Comments3 Mins Read
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Renewable energy hits 32% of global electricity in 2024, states Ember report
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Renewable vitality sources offered a report 32% of world electrical energy in 2024, in line with a report from vitality assume tank Ember.

This marks a major improve over the 30% share achieved in 2023, pushed by the rising contributions from wind, photo voltaic, and hydroelectric energy.

The report signifies that the worldwide shift in direction of sustainable vitality continues to achieve momentum.

Electrical energy demand worldwide grew by 4% final yr, fuelled by excessive heatwaves and the increasing vitality necessities of knowledge centres.

Moreover, the surge in demand from applied sciences reminiscent of AI, electrical autos, and warmth pumps contributed 0.7% to the overall development in consumption, in line with the report.

These elements spotlight the altering panorama of vitality use in response to technological developments and climate-related challenges.

Euan Graham, an electrical energy and information analyst at Ember, recommended that considerations over vitality safety might additional improve demand for renewable vitality.

Ember electrical energy and information analyst Euan Graham instructed Reuters that considerations over vitality safety, worsened by a commerce dispute triggered by US President Donald Trump’s intensive tariffs, might drive elevated demand for renewable vitality this yr.

Though it’s too quickly to find out the exact impression of the US commerce conflict on total electrical energy consumption, Graham famous that renewable vitality might probably see a lift within the coming years.

These developments are going down towards a backdrop of world financial uncertainty and considerations a couple of potential recession.

The growth of renewable vitality technology in 2024 surpassed fossil fuels, with gasoline energy crops contributing 22% to world electrical energy manufacturing, unchanged from 2023.

Coal stays the biggest single supply, having provided 34% of world electrical energy, a slight lower from 36% the earlier yr.

Nuclear energy accounted for 9%, a small discount from 9.1% in 2023. Heatwaves in 2024 led to a notable improve in electrical energy demand for cooling, which accounted for a further 0.7%, or 208TWh, of the worldwide whole.

“Renewable vitality hits 32% of world electrical energy in 2024, states Ember report” was initially created and printed by Power Monitor, a GlobalData owned model.

 


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