The demand for electricity is expected to grow at a 2.1% annual rate from 2019 till 2040, according to the World Energy Outlook 2019 published by the International Energy Agency (IEA). At this rate, compared to 19% in 2019, the share of electricity in final energy consumption will become 40% by 2040. This would be a result of the rapid industrialization, as an increase in the number of...
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