International Energy Agency (IEA)

Progress on clean cooking requires efforts from a wide range of stakeholders to scale up investment. On our path to access for all, the share of private sector finance reaches 80% toward 2040 But public financing & grants will also play a key role 👉 https://iea.li/4m7wVAD

Demand for modern cooking fuels grows sixfold by 2040 on our pathway to universal clean cooking access in Africa. This growth in fuel-use is significant for African and international markets in the long-term. In 2040 in sub-Saharan Africa … ▶️ LPG demand for cooking is equivalent to 8% of today’s global market ▶️ Bioethanol use reaches 6% of the size of today’s global market ▶️ Electricity demand for cooking is roughly equal to 15% of the region’s total power generation today More 👉 https://iea.li/4lBUFN6

Each region in Africa will require a different mix of fuels to reach universal clean cooking access – shaped by local infrastructure, affordability & the available resources. LPG provides access for over 60% of newly connected households through 2040 👉 https://iea.li/4lBUFN6

The latest episode of our Everything Energy podcast is out! 🚨 Listen as IEA’s Syrine El Abed & Daniel Wetzel discuss access to clean cooking solutions in Africa & the energy sector's role in solving this challenge Spotify: https://iea.li/3TpadHD Apple: https://iea.li/44rmeCm

Global electricity demand is on course for strong growth through 2026 – rising more than twice as fast as total energy demand growth over the same period Emerging economies in Asia are set to account for the bulk of this additional demand 👉 https://iea.li/4mA3EhU

Electricity consumption for data centres is set to surge through the end of the decade But this additional power use accounts for less than 10% of global electricity demand growth, outpaced by other sectors like industry & transport Learn more 👉 https://iea.li/4lmFrdD

Around $2.2 trillion is set to be invested collectively in renewables, nuclear, grids, storage, low-emissions fuels, efficiency & electrification this year. This is twice as much as the $1.1 trillion going to oil, gas & coal. Learn more ➡️ https://iea.li/46hRLIl

While supply gaps for some critical minerals are narrowing, key risks remain Investment momentum in critical minerals has weakened recently & export restrictions are on the rise Without further action, copper could see a 30% supply shortfall by 2035 👉 https://iea.li/3UjCkIw

Global energy investment is set to rise this year to $3.3 trillion, amid economic & geopolitical uncertainty and energy security concerns. China is the world's single largest investor in energy, spending almost as much as the US & EU combined. Read more ➡️ https://iea.li/46hRLIl

Fierce competition is helping drive down prices for solar PV & batteries, but costs for electricity equipment like cables & transformers are rising And higher US steel & aluminium prices are pushing up costs for drilling & large engineering projects ➡️ https://iea.li/46hRLIl