IEA Chief: Electrification Still Energy's Top Bet Despite AI Fears

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Rising electrification rates remain the main pillar of global energy investment despite recent concerns about the existential threat that AI could pose for humanity, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said on Thursday. “Electricity demand increases three times faster than the total energy demand,” Birol told a news conference in Seoul, as carried by Reuters. The shift toward increased electrification remains firmly anchored by capital markets, the official added. Electrification is not “a…

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