Meanwhile, global electricity demand is set to rise, driven by the decarbonisation of energy systems, the increasing use of indoor cooling as world temperatures climb, and the growth in emerging and developing economies. Electricity demand is forecast to increase in China and India, with China expected to record an annual growth of 5.2% over the next two years.

These emerging countries continue to rely on fossil fuels, with China and India both increasing coal-fired electricity generation in the first half of 2023 due to drought-induced cuts in hydropower.

Well that's nice. A "feedback loop" if you will.

I was going to say that it was a too optimistic expectation, with the never ending push for electric cars.

Then I read the article, and it starts with

Spiraling energy prices and economic slowdowns in European economies are mainly accountable for the decrease in demand.

So it's actually very pessimistic.