Three things to know about the future of electricity
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AI GeneratedThe future of electricity is shaped by increasing demand, with electricity demand projected to grow by 40% in the next decade. China has been a significant contributor to this growth, but emerging economies outside China will play a larger role in the future. The rise of AI and data centers will also drive electricity demand, with investment in data centers expected to surpass global oil supply spending. As the world transitions to cleaner energy sources like solar and wind, there is potential for coal use to peak and decline by the end of the decade. However, to combat climate change effectively, a faster transition to cleaner energy systems is necessary.