IEA: Fossil fuel demand to peak by 2030 amid 'unstoppable' shift to renewables
Headline from UPI
Oil demand will soon feel the impact of a rapid and "unstoppable" shift to clean energy as fossil fuels' fourth-fifths share of the global energy mix goes into reverse over the coming few years, the IEA said Tuesday.
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Oil demand will soon feel the impact of a rapid and "unstoppable" shift to clean energy as fossil fuels' fourth-fifths share of the global energy mix goes into reverse over the coming few years, the IEA said Tuesday.
“The transition to clean energy is happening worldwide and it’s unstoppable … and the sooner the better for all of us,” said the IEA’s executive director.
Despite the predicted peaks in demand for coal, gas and oil, the IEA said the transition to clean energy sources is not happening fast enough to meet climate goals.
It’s possible for fossil-fuel demand to peak before the end of the decade, but emissions would still remain high enough to increase the global average temperature by more than two degrees Celsius, according to the World Energy Outlook
Global demand for oil, natural gas and coal — and the carbon pollution they generate — are expected to peak later this decade, according to a new report by the International Energy Agency.
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IEA: Fossil fuel demand to peak by 2030 amid 'unstoppable' shift to renewables | Since Then
