Global Electricity Demand To Outpace Japan’s Total Consumption By 2027

by THEFUTURE.TEAM

February 14, 2025

Global electricity demand is projected to increase by 4% annually until 2027, a rate that surpasses Japan’s entire current electricity consumption. According to the International Energy Agency (IEA), the rapid rise in demand is expected to be mitigated somewhat by a shift toward low-emission energy sources like renewables and nuclear power.

Emerging Economies Lead Demand Growth

The vast majority of this demand growth will come from emerging and developing economies, with China playing a dominant role, contributing over half of the global increase. China’s electricity consumption is forecast to grow at a 6% annual rate through 2027, largely driven by its energy-intensive industrial sector and booming production of solar panels, batteries, and electric vehicles. India is also expected to play a key role, contributing 10% of global demand growth due to strong economic activity and surging air conditioning use.

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Developed Economies Set For A Turnaround

In developed economies, such as the US, electricity demand, which had previously been stagnant, is expected to grow due to the increased electrification of sectors like transportation, heating, and data centers. However, the European Union’s outlook has been revised downward, with expected growth in 2025 now pegged at 1.6%. This reflects a weaker macroeconomic environment, and the EU may not recover to 2021 demand levels until at least 2027, despite a growth rebound in 2024.

Renewables To Meet Growing Demand

Low-emission energy sources, including renewables and nuclear power, are expected to increasingly meet global electricity demand. Solar power is forecast to become the second-largest low-emission source by 2027, after hydropower. Notably, renewables are set to overtake coal as the leading power generation source by 2025, with coal’s share in the energy mix dipping below 33% for the first time in a century, according to the IEA.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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