Last week, BP released its annual Statistical Review of World Energy and the report shows, yet again, that electricity is the world’s most important and fastest-growing form of energy.
In 2021, global electricity generation grew by a record 1,577 terawatt-hours, an increase of 6.2 percent over 2020. For perspective, last year’s increase in electricity production was greater than the electricity output of France, Germany and Britain combined. The surge in electricity generation — nearly half of which happened in China — reflects the jump in demand for power as the world recovers from the COVID-19 pandemic.
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