The world's insatiable appetite for electricity is setting up a climate disaster
London (CNN Business) The world needs more electricity.
That will mean severe climate damage, unless something changes soon.
A report published Friday by the International Energy Agency found that global demand for electricity surged 6% in 2021, fueled by a colder winter and the dramatic economic rebound from the pandemic.
That drove both prices and carbon emissions to new records.
The growth in demand was particularly intense in China , where it jumped by about 10%.
IEA Executive Director Fatih Birol said the report contained a stark warning for the future.
Electricity has a crucial role to play in the fight against climate change as countries ditch fossil fuels and more battery-powered cars hit the road.
But so far, renewable sources of electricity — as opposed to power stations that burn coal or natural gas — haven't kept up.