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That’s a major split with the IEA, whose head predicted fossil demand will peak before 2030. This benchmark was moved up from the end of the decade due to a rise in renewable energy technologies and a shift in major economies, such as China, away from coal. Other notables in the report: Global demand is also set to reach more than 110.2 million barrels a day in 2028, representing an increase of 10.6 million bpd compared to 2022.
Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Breanne Deppisch and Nancy Vu . Email bdeppisch@washingtonexaminer.com or nancy.vu@washingtonexaminer.com for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
In an interview with the Wall Street Journal, Treasury Secretary Janet Yellen said the U.S. would “very likely” take steps to enforce the $60-per-barrel limit of Russian crude that the G-7-led price cap coalition imposed beginning in December. Still, the plan has never provided much in the way of enforcement, making it difficult for countries to monitor companies and ensure compliance with price cap-related restrictions on shipping, maritime insurance, and other services. Read more from Breanne here.
One of the two women Scott was in a room with had left and called police from the lobby, a worker who saw a security video told Reuters. Since private investors are not factoring in things like the long lifetime of nuclear reactors. governments “need to be in the driving seat,” leaders said.
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