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India's electricity demand is expected to grow by a moderate 4 per cent in 2025, after cooler summer temperatures in the first half of the year reduced consumption and shifted peak load to September, the International Energy Agency (IEA) said. In its mid-year update on electricity, IEA said while global power demand is rising much faster than the forecast for the 2025-2026 period than it did during the past decade, electricity demand in China and India is expected to rise at a more moderate pace in 2025 than the rapid growth seen in 2024. "After 6 per cent growth in 2024, electricity demand in India is forecast to rise by 4 per cent this year," it said. IEA projected Chinese consumption to rise 5 per cent in 2025, down from 7 per cent in the previous year. However, China alone will account for 50 per cent of global electricity demand growth, as it did in 2024. "In India, the impact of global economic uncertainties on industrial activity and cooler summer temperatures compared to 20
India should focus "very" closely on mobility electrification to secure its energy future, and oil import-dependent countries should incentivise electric vehicles, International Energy Agency (IEA) Executive Director Fatih Birol said on Monday. He also said the world faces serious risks from the growing concentration of critical minerals, and urged countries to diversify mining and processing to avoid supply disruptions that could impact the energy transition. Countries, which are importing oil, should consider giving incentives to electric cars in order to reduce the inbound shipments from different parts of the world, Birol added. "In the case of India, I believe India should look at the electrification of mobility very closely because currently we have low oil prices, but it is definitely at the mercy of some of the key oil producers, where the oil prices will go up. If India wants to have the upper hand in terms of the domestic oil trajectories, electric cars are one of the key
India continues to be the world's largest market for electric three-wheelers for a second year in a row as sales rose nearly 20 per cent to reach about 7 lakh vehicles in 2024, the International Energy Agency (IEA) said in a report. In its Global EV Outlook 2025, the Paris-based energy watchdog said India continues to drive most growth in the global electric three-wheeler market. Despite the global three-wheeler (3W) market shrinking 5 per cent from the previous year, electric 3W sales grew more than 10 per cent to surpass 1 million vehicles in 2024. Electric 3W sales represented almost one-quarter of all 3W sales, up from one-fifth in 2023, it said. The market is highly concentrated, with China and India together accounting for more than 90 per cent of electric and conventional 3W sales. "Electrification of 3Ws in China has stagnated at less than 15 per cent over the past three years. In 2023, India overtook China to become the world's largest market for electric 3Ws, and it ...
The mines ministry on Wednesday entered into a pact with the International Energy Agency (IEA) for cooperation in the area of critical minerals. The Cabinet had earlier this month approved the proposal of signing the memorandum of understanding (MoU) between IEA and the mines ministry. The present association would provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector. The IEA is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD). "This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices," the mines ministry said in a statement. The agreement would also promote capacity building and knowledge exchange between India and the IEA member states, it said, adding that the collaboration on data collection, modelling, and analysis
India will over the next decade add more than 12,000 cars a day, expand built space equivalent to the built space in South Africa, and its air-conditioners will consume more electricity than entire power consumption in Mexico, the IEA said. It is likely to see a rise in demand for all forms of energy -- from oil and gas to coal, electricity and renewable energy -- through 2035, making it the growth engine for energy demand globally, the International Energy Agency (IEA) said in its World Energy Outlook 2024. India, the world's third largest oil consuming and importing nation, will see its demand for oil rise by almost 2 million barrels per day by 2035 and become the main source of oil demand growth in the world. According to IEA projections, the country is on track to become the third-largest economy in the world by 2028. It was the world's fifth largest economy and the fastest growing major economy in 2023, with output increasing by 7.8 per cent. India overtook China in 2023 to .
India will overtake China as the biggest driver of global oil demand in 2027 as transportation and industry consumption in the world's fastest-growing major economy will drive growth despite a big push for clean energy and electrification, the International Energy Agency said on Wednesday. The Paris-based agency in a special Indian Oil Market Outlook to 2030 report released at the India Energy Week here, said the country's oil demand will rise from 5.48 million barrels per day in 2023 to 6.64 million bpd in 2030. China currently is the biggest driver of oil demand and India ranks No.2 in growth. The numbers given by IEA in the report seem to talk of crude oil processed into fuel for domestic as well as for exports. The domestic consumption as per the oil ministry data is around 5 million barrels per day (bpd). "India's oil demand will grow at a rapid pace by 2030 despite accelerated green energy moves," IEA director of energy markets and security Keisuke Sadamori said. "Growth in .
After reaching an all-time high this year, global coal demand is expected to decline by 2026 due to a major expansion of renewables, according to the latest edition of the International Energy Agency's (IEA) annual coal market report. This is the first time that the report has predicted a drop in global coal consumption. Around 40 per cent of global carbon dioxide emissions stem from coal, while oil and gas contribute to the remaining percentage. The report says global demand for coal rose by 1.4 per cent in 2023, mainly due to rising energy demand in emerging and developing economies, including India (8 per cent) and China (5 per cent). Consumption is on course to decline in most advanced economies in 2023, including in the European Union and the United States (around 20 per cent each), it said. Both the US and the EU rely more on oil and natural gas. For instance, oil and natural gas accounted for 36 per cent and 33 per cent of the total energy production in the US in 2022. The
India's 14th National Electricity Plan (NEP) sets it on a path to more than triple its renewable energy capacity by 2030, but the country needs a whopping USD 293 billion to achieve this, according to a report released by global energy think tank Ember on Wednesday. The International Energy Agency (IEA) says the world must triple its renewable energy capacity and double energy efficiency by 2030 to decrease the need for fossil fuels and limit global warming to 1.5 degrees Celsius by the end of the century. Led by the US, the European Union (EU), and the UAE, over 60 countries now support the commitment to triple renewable energy and double energy efficiency. While the G20 nations have endorsed tripling renewable energy capacity by 2030 under India's presidency, the UAE, hosting this year's UN climate conference, advocates for a global agreement on this at COP28. Ember's analysis reveals that India requires an additional financing of USD 101 billion (one billion=Rs 100 crore) to ...