Electrification is the vital pathway for the energy transition.
The pace of electrification needs to at least double
There’s great potential for electrification worldwide yet it is vastly underutilized. Electrification of final uses contributes to the overall energy system efficiency, in terms of costs, energy efficiency and electricity network efficiency.
To reach decarbonization goals, the share of electricity in final energy consumption will need to increase from 19% today to around 40-50% by 2050, depending on the scenario considered, meaning the pace of electrification needs to substantially grow, at least doubling if not more. Adequate policies need to be put in place to ensure efficient and cost-effective electrification of end uses accelerates to help reach global climate goals.
Our new flagship research initiative, the Global Electrification Monitor (GEM), tracks the evolution of energy, electrification, and decarbonisation trends across end-use sectors around the world across sectors and in 15 selected countries to identify where the bottlenecks lie impeding faster growth and the potentials to further acceleration. The selected 15 countries represent two thirds of global final demand for energy demand and 70% of global electricity demand.
The GEM consists of an online dashboard and an accompanying analytical report that will be updated on an annual basis. Each year, the GEM will deep dive into specific topics of interest that will better illustrate how to best advance the energy transition through electrification.
The online dashboard below features selected impactful graphs and tables for the world and each of the countries studies that presents and evaluates a set of selected key performance indicators to identify the status of electrification today, the evolution over the last decade and how this evolution compares with the decarbonisation needs over the coming decades.