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    IEA shares forecast on global energy demand growth for 2050

    kitsiosgeo by kitsiosgeo
    December 16, 2023
    in Europe
    0
    IEA shares forecast on global energy demand growth for 2050

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    MERSIN, Türkiye, December 16. IEA’s projection
    for 2050 indicates a significant surge in electricity demand,
    almost tripling in the net zero emissions scenario, Trend reports.

    The remark was made by Keith Everhart, an energy analyst at the
    International Energy Agency, during the Journalist Workshop 2023 in
    Türkiye’s city of Mersin.

    Everhart noted that the emphasis lies on nuclear power’s
    extended lifespan as the most cost-effective low-carbon
    dispatchable technology.

    “The net zero emissions transition requires a substantial
    ninefold increase in clean energy by 2030 compared to today’s
    levels, yet it brings about vulnerabilities, especially in terms of
    capital costs, particularly impacting emerging economies. The
    reliance on critical minerals for wind, solar, and batteries
    presents another vulnerability due to their concentrated production
    in a few countries, more than even fossil fuels,” he said.

    The analyst added that despite these challenges, the transition
    foresees a decline in emissions, especially in advanced economies,
    primarily supported by solar, wind, and hydropower plants, as well
    as the development of nuclear capacity.

    Moreover, he stresses the importance of extending the
    operational lifetime of nuclear power plants, which has been
    acknowledged throughout this shift.

    Meanwhile, UK New Nuclear Watch Institute, in cooperation with
    the Nuclear Industry Association and Türkiye’s Sustainable Enerji
    Projeler company, is holding a Journalist Workshop 2023 in the
    Turkish city of Mersin. The workshop is aimed at addressing issues
    of the nuclear energy development in times of the changing
    climate.

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    Tags: demandEnergyforecastglobalGrowthIEAShares
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