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  • The 2024 edition of the IEA’s World Energy Outlook – the most authoritative global source of energy analysis and projections – finds that as global demand for electricity soars, the contours of a new energy system are coming into focus. 

    WEO 2024 cover image

  • Electricity use grew at twice the pace of overall energy demand over the last decade.


    But from now to 2035, it's set to grow six times as fast, thanks to the growing uptake of electric vehicles, air conditioning, chips, artificial intelligence and more. 

    Annual energy and electricity demand growth, historical and in the Stated Policies Scenario, 2010-2035

  • Based on today’s policy settings, low-emissions sources are set to generate more than half of the world’s electricity before 2030. 

    World electricity generation in the Stated Policies Scenario, 2010-2035

  • However, for every dollar spent on renewable power, just 60 cents are spent on grids and storage today.


    Secure decarbonisation of the electricity sector requires investment in grids and storage to increase even more quickly than investment in clean generation. 

    Investment in power grids and storage by region 2017-2024

  • Additionally, many power systems are currently vulnerable to a range of threats, including the increase in extreme weather events and cyberattacks.


    This puts a premium on efforts to bolster power systems' resilience and digital security.

    Shutterstock 1093124054

  • Learn more about World Energy Outlook