Fossil fuel demand will peak this decade as Russia's war on Ukraine reshapes world energy order, IEA says | Businessinsider

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Fossil fuel demand will peak this decade as Russia's war on Ukraine reshapes world energy order, IEA says.

It's hiked demand forlike coal, sparking concern that the energy crisis has undone major progress in transitioning the world to renewable power. But fossil fuel demand is set to plateau or peak over the next 10 years, according to the IEA's World Outlook report, and supply shortages stemming from Russia could actually start a seismic shift toward green energy.

"The global energy crisis triggered by Russia's invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system," the organisation said in a

 

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