World Energy Outlook 2024

Abstract

The analysis in this year’s Outlook reinforces my long-held conviction that energy security and climate action go hand-in-hand: the world does not need to choose between ensuring reliable energy supplies and addressing the climate crisis. This is because deploying costcompetitive clean energy technologies represents a lasting solution not only for bringing down emissions, but also for reducing reliance on fuels that have been prone to volatility and disruption. The latest Outlook also confirms that the contours of a new, more electrified energy system are becoming increasingly evident, with major implications on how we meet rising demand for energy services. Clean electricity is the future, and one of the striking findings of this Outlook is how fast demand for electricity is set to rise, with the equivalent of the electricity use of the world’s ten largest cities being added to global demand each year. This WEO highlights, once again, the choices that can move the energy system in a safer and more sustainable direction. I urge decision makers around the world to use this analysis to understand how the energy landscape is changing, and how to accelerate this clean energy transformation in ways that benefit people’s lives and future prosperity.