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Home » News » Global Power Demand Growth Slows in 2023 Due to Energy Crisis and Economic Downturn, says IEA
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Global Power Demand Growth Slows in 2023 Due to Energy Crisis and Economic Downturn, says IEA

By Patrick VaughnJuly 19, 20233 Mins Read
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Credit: National Grid
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The International Energy Agency (IEA) announced on Wednesday that the ongoing energy crisis and economic downturn will have a significant impact on global power demand growth in 2023. However, the agency predicts a probable rebound in 2024, emphasizing the urgent need for developing more renewable capacity. According to IEA data, the global growth rate for

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