Full Title: Powering Progress: How Energy Boosts Social Economic Development
Author(s): Letitia Ouko
Publisher(s): Energy & Petroleum Regulatory Authority
Publication Date: July 9, 2025
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Description (excerpt):
As we reflect on the growing demand for energy and evolving regional dynamics, data from the World Bank, the IEA Global Energy Review 2025 and Kenya’s Biannual Energy and Petroleum Statistics Report 2024/25 highlight a sector grappling with rising consumption, structural transformation and the urgent need for sustainability.In 2024 alone, global energy demand grew by 2.2%, significantly surpassing the past decade’s average annual growth of 1.3%. Electricity consumption rose even faster by 4.3%, propelled by increased digitalization, the electrification of transport systems and climate-driven extremes that intensified demand for cooling. These trends underline a global shift toward electricity as a central pillar of economic activity and quality of life.