🌍 Introduction The global energy system is at a crossroads. Electricity demand is expected to grow by 62% by 2050 (IEA). Every nation is pledging to decarbonize. The future of energy depends on more than local action. It requires global cooperation. The IEA’s World Energy Outlook 2023 further emphasizes the near-term pressure, projecting global electricity … Read more
The Promise of Electricity Trade Cross-border electricity trade refers to the exchange of electricity between neighboring countries. In today’s interconnected world, cross-border electricity trade has emerged as a pivotal element in achieving sustainable energy goals. This form of trade enables countries to share surplus power. It provides access to reliable electricity. As a result, it … Read more
Electricity trade involves the buying and selling of electrical power across different regions or countries. It is a critical part of the modern energy landscape. As global demand for reliable and sustainable energy continues to grow, electricity trade emerges as a strategic tool. It balances supply and demand, optimizes resource use, and enhances the stability … Read more