International Energy Report Projects a Slower Transition to Renewables, but Oil Could Still Peak This Decade

Inside Climate News · By Blanca Begert · last updated November 12, 2025 – 3:59 PM

A new report from the International Energy Agency says renewable energy is surging ahead, but natural gas demand could peak five years later than it forecasted last year.

By Blanca Begert

The world is still on track to reach peak oil around 2030 if countries stick to their “stated policies,” according to a new report released Wednesday by the International Energy Agency.

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