Green Energy

The IEA seems to be wrong on China. Electricity demand has grown by 2.3% YOY in China, which is obviously much lower then the projected 6%of the IEA. China makes up about a third of global electricity production, so this has a big impact to the better.

Source:

https://www.stats.gov.cn/english/PressRelease/202406/t20240625_1955166.html

EDIT: Just did a bit of math. To me it looks like the lower growth in Chinese electricity generation, if all other IEA figures are correct, would lower global growth to 2.8% this year. That would mean renewables would lower global fossil fuel electricity production for the first time. Certainly good news.