According to a report by the International Energy Agency (IEA), global electricity demand is expected to slow down in advanced economies, but strong growth is observed in developing and emerging economies like China and India. The increasing demand is driven by the electrification of energy systems and the adoption of air conditioning due to rising temperatures. The IEA predicts that renewable energy will account for over one-third of global electricity generation by next year. However, China is facing droughts, leading to decreased hydropower output and increased reliance on coal. India's electricity demand is also rising due to cooling requirements.

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