IEA Predicts Continued Oil Demand Growth Until 2050 Amid Renewable Supply Boom
TL;DR
The International Energy Agency predicts that global oil and gas demand could continue to grow until 2050 under current policies, with no peak expected before then, and warns that the world is unlikely to meet the 1.5°C temperature rise limit without significant technological advancements. Despite recent shifts towards clean energy, existing policies suggest energy demand will increase, and LNG capacity is set to expand significantly, driven by rising power sector needs and data center growth.
- World oil and gas demand could grow until 2050, IEA says Reuters
- There’s a New Forecast for Peak Oil Demand. It’s Increasingly Cloudy. The New York Times
- IEA Now Says Oil Consumption Could Keep Growing to 2050 Bloomberg.com
- Supply boom in cheaper renewables will seal end of fossil fuel era, says IEA The Guardian
- As risks multiply in a world thirsty for energy, diversification and cooperation are more urgent than ever IEA – International Energy Agency
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