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This makes sense for mid-latitudes, but the timing of peak power will depend on how much energy the current youth in India and children in central Africa will aspire to use as they get older. That’s hard to ‘predict’ - it’s their choice of development pathway, but hope they don’t follow China’s route with so much cement, steel, roads, there are other options.
The global south will need a lot of air conditioning to simply survive. However, a lot of that energy should be carbon neutral if renewable trends continue.