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Daily Digest for
July 14, 2025
IEA Electricity Mid‑Year Update 2025: Demand, Supply, Prices
The International Energy Agency (IEA) published the Electricity Mid‑Year Update 2025.
- Main announcement: The IEA reports that global electricity demand is set to grow strongly with forecasts of +3.3% in 2025 and +3.7% in 2026, driven by industry, appliances, cooling, data centres and electrification; wind and solar PV are expected to cover over 90% of the demand increase in 2025, with combined wind+solar generation surpassing 5,000 TWh in 2025 and 6,000 TWh in 2026, and renewable generation projected to overtake coal-fired generation (coal share to fall below 33%). The report gives updated data (2024 preliminary) and forecasts for 2025-2026 and details regional trends for China, India, EU and the United States.
- Background and details: The update documents supply and emissions trends: total renewables 2025 ~10,805 TWh, coal ~10,721 TWh (2025 forecast), and power-sector CO2 emissions plateauing (13,927 Mt CO2 in 2024; forecast 13,879 Mt CO2 in 2025 and 13,752 Mt CO2 in 2026). It records specific events and figures such as the Chile blackout on 25 Feb 2025, the Spain/Portugal blackout on 28 Apr 2025, wholesale price levels (e.g., EU ~USD 90/MWh H1 2025, US ~USD 48/MWh H1 2025), and a stated corporate data-centre investment of USD 320 billion in 2025 by Meta, Amazon, Alphabet and Microsoft.
UK Climate and Nature Bill Introduced in Parliament
The UK Parliament has introduced the Climate and Nature Bill as a Private Members’ Bill in the House of Commons for the 2024-25 session.
- The Bill mandates the UK to achieve specific climate and nature targets, assigns the Secretary of State the duty to implement a strategy to meet these targets, and establishes a Climate and Nature Assembly to advise on the strategy.
- It also assigns duties to the Committee on Climate Change and the Joint Nature Conservation Committee regarding the strategy and targets; the Bill is currently progressing through parliamentary stages including readings in both Houses.
This Bill represents a formal legislative step towards binding climate and nature commitments in the UK, with structured oversight and advisory bodies established to guide implementation.