The share of renewables and nuclear in the global power mix is forecast to reach 50% by the end of this decade as electricity demand accelerates, according to the International Energy Agency’s latest Electricity 2026 report.

The IEA said global electricity demand is set to grow by more than 3.5% per year on average through 2030, with renewables, natural gas and nuclear generation all expanding to meet rising consumption.

The report added that electricity demand is on course to grow at least 2.5 times faster than overall energy demand as industrial electrification, electric vehicles, air conditioning and data centres continue to scale.

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