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IEA sees fossil fuel demand peaking by 2030

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IEA sees fossil fuel demand peaking by 2030

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Natural Gas News
IEA sees fossil fuel demand peaking by 2030

Summary

Solar and EV adoption are driving the move to cleaner energy systems. by: Dale Lunan

Against a 40% increase in clean energy investments since 2020, the International Energy Agency (IEA), in its World Energy Outlook 2023 (WEO2023) released October 24, now says demand for all fossil fuels – oil, natural gas and coal – will peak by 2030. The IEA&rsq...

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Related Knowledge Center: ENERGY BASICS: coal

State of Play

The use of coal, a staple of heating and electricity-generation for decades, is in decline in the United States — supplanted by newly abundant production of natural gas — but is still dominant in some parts of the world. While economical, coal use is particularly problematic as international attention focuses increasingly on climate change.

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