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Coin Circle (120btC.COM) News: The International Energy Agency (IEA) predicted in its latest research report: By 2026, global electricity demand will grow at a faster rate, with an estimated average annual growth of 3.4%, and named Global power demand from artificial intelligence (AI), the cryptocurrency mining industry, and data centers may more than double.

 Improved economic outlook drives power demand growth

The IEA pointed out that due to the continued macroeconomic downturn and global inflation, manufacturing and industrial output in advanced economies have declined, resulting in a sharp decline in electricity demand in 2023, which has also suppressed the growth of global electricity demand in the past year. increase.

However, due to improved expectations for the economic outlook over the next three years, coupled with the expansion of data centers, artificial intelligence (AI) and crypto mining industries, the IEA predicts that this will drive growth in global electricity demand: especially advanced economies and In China, electricity demand will be boosted by the continued shift toward electrification in the residential and transportation sectors, as well as the expansion of the data center industry. Data centers are an important driver of electricity demand growth in many regions, with the world expected to consume 460TWh of electricity in 2022, while this will reach 1,000TWh by 2026.

 Low-emission energy sources will meet global electricity demand growth over the next three years

But although the IEA believes that global electricity demand will expand rapidly in the next three years, the IEA also points out that low-emission energy, including nuclear energy, solar energy, wind energy and hydropower... and other renewable energy sources, are expected to meet all the growth in global electricity demand in the next three years. : Low-emission energy sources will reduce the role of fossil fuels in global power generation and are expected to account for about half of the world's electricity generation by 2026, up from 39% in 2023. By early 2025, renewable energy will replace coal and account for more than one-third of global electricity generation. By 2025, global nuclear power generation is expected to exceed the all-time record set in 2021.