BERLIN: Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released on Wednesday by the International Energy Agency.
Much of Asia’s electricity use will be in China, a nation of 1.4 billion people whose share of global consumption will rise from a quarter in 2015 to a third by the middle of this decade, the Paris-based body said.
“China will be consuming more electricity than the European Union, United States and India combined,” said Keisuke Sadamori, the IEA’s director of energy markets and security.
By contrast, Africa — home to almost a fifth of world’s nearly 8 billion inhabitants — will account for just 3 percent of global electricity consumption in 2025.
“This and the rapidly growing population mean there is still a massive need for increased electrification in Africa,” said Sadamori.
The IEA’s annual report predicts that nuclear power and renewables such as wind and solar will account for much of the growth in global electricity supply over the coming three years. This will prevent a significant rise in greenhouse gas emissions from the power sector, it said.
Scientists say sharp cuts in all sources of emissions are needed as soon as possible to keep average global temperatures from rising 1.5 degrees Celsius above pre-industrial levels. That target, laid down in the 2015 Paris climate accord, appears increasingly doubtful as temperatures have already increased by more than 1.1 degrees Celsius since the reference period.
One hope for meeting the goal is a wholesale shift away from fossil fuels such as coal, gas and oil toward low-carbon sources of energy. But while some regions are reducing their use of coal and gas for electricity production, in others consumption is increasing, the IEA said.
The 134-page also report warned that electricity demand and supply are becoming increasingly weather dependent, a problem it urged policymakers to address.
“In addition to drought in Europe, there were heat waves in India (last year),” said Sadamori. “Similarly, central and eastern China were hit by heat waves and drought. The US also saw severe winter storms in December, and all those events put massive strain on the power systems of these regions.”
“As the clean energy transition gathers pace, the impact of weather events on electricity demand will intensify due to the increased electrification of heating, while the share of weather-dependent renewables will continue to grow in the generation mix,” the IEA said. “In such a world, increasing the flexibility of power systems while ensuring security of supply and resilience of networks will be crucial."
Asia set to use half of world’s electricity by 2025: IEA report
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Asia set to use half of world’s electricity by 2025: IEA report
Saudi stock market soars on historic foreign investment reform
RIYADH: Saudi Arabia’s Tadawul All Share Index surged at opening on Jan. 7, posting its largest single-day gain since September 2025, following the Kingdom’s Capital Market Authority decision to fully open the market to all categories of foreign investors.
The benchmark index opened with a sharp rise, climbing 2.5 percent and breaking through the 10,500-point barrier. The rally was broad-based, with 260 listed companies advancing, while only three declined and three remained unchanged. The index later settled slightly below that peak, trading near 10,460 points.
The CMA announced that, effective Feb, 1, it will eliminate the previous framework that restricted direct market access primarily to Qualified Foreign Investors and those using swap agreements. The regulatory change will allow all international investors to participate directly in the Main Market without needing to meet prior qualification requirements.
“This is a historic decision and the most positively impactful market development in ten years,” Hesham Abou Jamee, chief adviser at Naif Al Rajhi Investments told Asharq Business. He emphasized that the market impact is immediate, despite full implementation being weeks away, and should help the market recover recent losses.
The CMA stated the amendments aim to expand and diversify the investor base, supporting investment inflows and enhancing market liquidity.
Al-Eqtisadiah newspaper financial analyst Ikrami Abdullah agreed on the decision’s positive impact, noting its timing coincides with a period of market decline and weak liquidity, as reported by Asharq Business.
Official data shows foreign investor ownership in the Saudi capital market exceeded SR590 billion ($157.32 billion) by the end of the third quarter of 2025, with international investments in the Main Market reaching approximately SR519 billion.
Market participants are now anticipating a follow-up decision to raise the current 49 percent ceiling on foreign ownership in listed companies.
Asharq Business reported that analysts suggest such a move could unlock substantial inflows, with J.P. Morgan estimating that lifting the limit to 100 percent could attract an additional $10.6 billion.
The reform is a key part of Saudi Arabia’s broader economic diversification agenda, following other initiatives to attract foreign capital, such as establishing exchange-traded funds with partners in Japan and Hong Kong.
Leading financial institutions welcomed the move. SNB Capital congratulated the CMA on this “fundamental development that enhances liquidity and market depth,” while Al Rajhi Capital greeted “investors from around the world,” calling it “a new step toward wider opportunities and more open investment.”










