IEA Forecasts Peak Demand for Oil, Gas, and Coal by 2030
The International Energy Agency (IEA) predicts that global demand for oil, natural gas, and coal will peak by 2030, driven by policies promoting cleaner energy and transportation. However, a peak in fossil fuel use alone will not be enough to combat global warming, as emissions would need to approach zero. The IEA envisions a transformation of the global energy landscape, with increased adoption of electric vehicles, renewable energy sources supplying 50% of global electricity, and a decline in coal demand. The prediction has sparked controversy among oil producers, with OPEC warning of potential underinvestment in oil and gas drilling. The IEA emphasizes the need for collaboration and dialogue among various industries to shape the future of energy.
- I.E.A. Sees Oil, Gas and Coal Demand Peaking By 2030 The New York Times
- World shift to clean energy is unstoppable, IEA report says BBC.com
- For the first time ever, the IEA predicts that global emissions will peak by 2025 Electrek.co
- Oil and gas demand will peak before 2030, says the International Energy Agency NPR
- World oil, gas, coal demand to peak by 2030, IEA says Reuters
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