Global electricity demand
The IEA predicts a 3% increase in global electricity demand in 2023, after a 2% decline in 2022. By 2025, China and other Asian countries will account for more than half of global demand. As for Europe and North America, the IEA estimates a decrease in said demand compared to Asia.
Renewable and nuclear energy
According to the report, renewable energies will represent one third of world production by 2025, rising from 29% in 2022 to 35% in 2025. In terms of nuclear energy production, they should grow by an average of 3.6% per year. Consequently, emissions from global electricity production will stabilize until 2025 and its CO2 intensity will continue to decline in the years to come.
In this context, renewable and nuclear energies will cover around 90% of the world’s electricity demand, provided weather conditions and the development of the world economy do not change, the IEA points out in its report.
The IEA adds that China accounts for more than 45% of the growth in renewable energy production in the electricity market from 2023 to 2025, followed by the European Union with 15%.
IEA Forecast for Morocco
The same report points out that Morocco has experienced strong growth in renewable energies in recent years. He adds that in 2021, the renewable capacity reached 3950 MW. This equates to 37% of the country’s installed power generation capacity, including 1,770 MW of hydropower, 1,430 MW of wind power, and 750 MW of solar power.
The IEA says the country aims to increase the share of renewable energy to 52% by 2030, 70% by 2040 and 80% by 2050, and gradually increase its exports to Europe over the course of this period.
The Agency predicts that demand for electricity in Morocco will increase at an average annual rate of 2% between 2023 and 2025, and that, like production, renewable energies will increase by an average of 19% per year, while the thermal decreases on average by 5% per year over the same period.