The IEA seems to be wrong on China. Electricity demand has grown by 2.3% YOY in China, which is obviously much lower then the projected 6%of the IEA. China makes up about a third of global electricity production, so this has a big impact to the better.
EDIT: Just did a bit of math. To me it looks like the lower growth in Chinese electricity generation, if all other IEA figures are correct, would lower global growth to 2.8% this year. That would mean renewables would lower global fossil fuel electricity production for the first time. Certainly good news.
The IEA seems to be wrong on China. Electricity demand has grown by 2.3% YOY in China, which is obviously much lower then the projected 6%of the IEA. China makes up about a third of global electricity production, so this has a big impact to the better.
Source:
https://www.stats.gov.cn/english/PressRelease/202406/t20240625_1955166.html
EDIT: Just did a bit of math. To me it looks like the lower growth in Chinese electricity generation, if all other IEA figures are correct, would lower global growth to 2.8% this year. That would mean renewables would lower global fossil fuel electricity production for the first time. Certainly good news.