Transition to a low carbon economy

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The global demand for electricity is set to more than double in the transition to a low CO2 emissions economy. In 2018, the world consumed approximately 27,000 terawatt hours (TWh) in power. The growth of the global economy and extra demand owing to the emergence of more electric cars, trucks and ships will increase this figure to around 57,000 TWh in 2050, as revealed in a new analysis by ING Economics Department.