Coal has been the main source of electricity generation worldwide for the last three decades. In 2024, global coal power generation stood at over 10,500 terawatt-hours. Overall, coal, natural gas, and other fossil fuels accounted for approximately 60 percent of the global electricity production that year. Renewable energy sources for electricity generation The production of renewable energy has been increasing steadily over the past decades, with a year-over-year growth of around six percent between 2022 and 2023. However, the contribution of renewables to the world’s electric power mix remains small when compared to fossil fuel sources. Electricity demand vs production The volume of electricity generated worldwide surpassed the global consumption of electricity by a small margin. This figure is directly affected by the fact that the number of people without access to electricity in the world has shrunk over the past decade and is continuously decreasing.