IEA Doubles Down on Its Forecast of Peak Oil and Gas Demand by 2030

Barchart · 10/16 05:10
Demand for oil, natural gas, and coal is set to peak by the end of the decade, the International Energy Agency (IEA) said on Wednesday, reaffirming its forecast from last year that all three fossil fuels will have seen peak demand by 2030. The world is moving fast toward the Age of Electricity, IEA Executive Director Fatih Birol said, commenting on the agency’s new World Energy Outlook 2024 report out today. Under current policy settings, the IEA report finds that low-emissions sources are set to generate more than half of the world’s…