Forecasts indicate that the global growth rate of energy consumption will slow to just under 2 percent in 2023, down from 2.3 percent in 2022, which also saw a decline from the average of 2.4 percent for the five years prior to the COVID-19 pandemic.
The agency’s data for 2024 showed that it expects the rate to rise to 3.3 percent as the economic outlook improves.
The Paris-based agency predicted that renewable energy would cover the expected growth this year and next, and that electricity from renewable sources would exceed a third of the total global electricity supply for the first time next year.
However, there is a decline in hydroelectric power, which fell by about two percent in the period from 2020 to 2022 compared to figures between 1990 and 2016, which represent about 240 terawatt hours.
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