Energy
Low-emissions sources of electricity are on track to make up almost half of global generation by '26
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Our forecast period out to 2026 is characterised by three turning points with regard to low-carbon electricity sources. First, renewables are expected to generate more than one-third of world’s electricity in 2025, overtaking coal as the largest source of supply. Second, low-carbon sources – renewables and nuclear together – are expected to account for 46% of the world’s electricity generation by the end of 2026, rapidly approaching the halfway mark, up from 39% in 2023. And finally, on a global scale, low-carbon generation is set to meet all the additional demand growth towards 2026.
Dataset
TWh | 2021 | 2022 | 2023 | 2026 | Growth rate | Growth rate | CAAGR 2023-2026 |
---|---|---|---|---|---|---|---|
Nuclear | 2 809 | 2 668 | 2 741 | 2 959 | -5.00% | 2.70% | 2.60% |
Coal | 10 284 | 10 442 | 10 613 | 10 088 | 1.50% | 1.60% | -1.70% |
Gas | 6 556 | 6 609 | 6 639 | 6 785 | 0.80% | 0.50% | 0.70% |
Other nonrenewables | 852 | 857 | 782 | 705 | 0.60% | -8.80% | -3.40% |
Total renewables | 7 925 | 8549 | 8959 | 12 158 | 7.90% | 4.80% | 10.70% |
Total Generation | 28426 | 29 124 | 29 734 | 32 694 | 2.50% | 2.10% | 3.20% |
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