Global Fossil-Fuel Demand Can Peak Before 2030—Here’s How

CLIMATEWIRE | Global demand for coal, oil and gas may peak before 2030, the International Energy Agency said Tuesday.

Clean energy will play a "significantly greater role" in 2030 than today, the IEA found, with almost 10 times as many electric cars on the road and renewables making up nearly half the global electricity mix. Meanwhile, the rate of new fossil fuel infrastructure has slowed, with worldwide additions of coal and natural-gas-fired power plants decreasing by half from earlier peaks, according to the report.

Under the scenario where current policies remain the same, renewables are still set to contribute 80 percent of all new power capacity in 2030, the report said. Solar photovoltaic systems will make up more than half of that new renewable energy supply, with room for growth as manufacturing capabilities also increase worldwide, the IEA said.

In states where adoption is already high — like California, Oregon and Washington — EVs would likely need to hit 80 percent of new car registrations for the U.S. to achieve the 50 percent threshold. That's because at least 20 other states will adopt EVs far slower, reaching at most 20 percent of new car registrations by 2030, McDonald said in an interview.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global shift to clean energy means fossil fuel demand will peak soon, IEA saysFossil fuel demand will peak and renewable energy will grow rapidly in coming years, according to an International Energy Agency report.
Source: NPR - 🏆 96. / 63 Read more »

Global Fossil Fuel Demand Will Peak By 2030 Amid ‘Unstoppable’ Shift To Green Energy, IEA SaysI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Source: ForbesTech - 🏆 318. / 59 Read more »

Global Fossil Fuel Demand Will Peak By 2030 Amid ‘Unstoppable’ Shift To Green Energy, IEA SaysI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Source: Forbes - 🏆 394. / 53 Read more »

Fossil-fuel demand likely to peak before 2030 as renewable uptake rises, IEA saysThe Paris-based group of some of the world's biggest energy users said demand for coal, oil and natural gas should all peak this decade.
Source: MarketWatch - 🏆 3. / 97 Read more »

Internal emails show Biden officials openly disagreed with admin’s fossil fuel policiesEXCLUSIVE: Several top administration officials overseeing key federal energy and oil leasing policies have openly disagreed with the decision to hold future lease sales, emails show.
Source: FoxNews - 🏆 9. / 87 Read more »