Full Title: Renewables Soar, but Fossil Fuels Continue to Rise as Global Electricity Demand Hits Record Levels
Author(s): Energy Institute
Publisher(s): Kearney, KPMG, Energy Institute
Publication Date: June 26, 2025
Full Text: Download Resource
Description (excerpt):
Wind and solar combined grew by 16%, reinforcing their role as the fastest growing areas of the energy system. China was responsible for 57% of new additions with solar almost doubling in just two years. Wind and solar grew nearly nine times faster than total energy demand, and fossil fuels also grew (just over 1%) in 2024. The world saw a 2% annual rise in total energy demand, reaching a new high of 592 EJ. All-time records were reached across ALL forms of energy (coal, oil, gas, renewables, hydro and nuclear). At 4%, electricity demand growth continued to outpace total energy demand growth, an indicator that the age of electricity is not just emerging but is shaping a new global energy system.