Global power generation forecast by scenario 2050

According to a recent forecast, global electricity generation will increase up to 39,000 terawatt-hours by 2030, if the energy transition targets are achieved by the leading countries in the world. Otherwise, electricity generation will be at 34,000 terawatt-hours by that year. Similarly, electricity production worldwide will range between 57,000 and 44,000 terawatt-hours in 2040 and 77,000 and 56,000 terawatt-hours in 2050. However, according to the same forecast, the volume of electricity generated will not meet the global electricity demand.

Electricity generation worldwide in selected years from 1995 to 2022, with a forecast to 2050, by scenario (in 1,000 terawatt-hours)

Characteristic	Fading Momentum**	Current Trajectory**	Further Acceleration**	Achieved Commitments**
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

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Release date

November 2023

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Region

Worldwide

Survey time period

1995 to 2022

Special properties

*Forecast
Generation from energy storage (pumped hydro, batteries, long duration energy storage) is not included.

Supplementary notes

**Bottom-up energy transition scenarios in Global Energy Perspective 2023:
Achieved Commitments (AC): net-zero commitments achieved by leading countries through purposeful policies; followers transition at slower pace. Global temperature increase linked to emission levels: 1.6°C.
Further Acceleration (FA): further acceleration of transition driven by country-specific commitments, though financial and technological restraints remain. Global temperature increase linked to emission levels: 1.9°C.
Current Trajectory (CT): Current trajectory of renewables cost decline continues; however, currently active policies remain insufficient to close gap to ambition. Global temperature increase linked to emission levels: 2.3°C.
Fading Momentum (FM): Fading momentum in cost reductions, climate policies, and public sentiments will lead to prolonged dominance of fossil fuels. Global temperature increase linked to emission levels: 2.9°C.

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