Global demand for renewable energy is expected to triple in the next seven years, driven by factors such as the rise of AI, electrification of transport, and industrial decarbonization.
New reports show that renewable energy demand is expected to soar in the coming years as several countries around the globe undergo a green transition. The global energy demand is expected to increase in line with population growth, industrialization, and the rise in the use of complex technologies, such as artificial intelligence AI. The global demand for electricity is expected to double by 2050 compared to 2020 levels according to recent assessments.
” Several sectors will contribute to the growth in renewable energy demand in the coming decades, the first of which is the electrification of transportation. Several governments worldwide have established strategies for the electrification of public and private transport, including trains, buses, trucks, and cars. This will require a huge shift away from fossil fuels to renewable electricity sources.
Demand AI Electrification Data Centers Evs Green Hydrogen Climate Change Energy Transition Renewable Capacity
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