"IEA Predicts Dramatic Energy Shift by 2030 Due to Current Policy Settings"

The International Energy Agency (IEA) predicts that the global energy system will undergo significant changes by 2030, driven by the rise of clean energy technologies such as solar, wind, electric cars, and heat pumps. The IEA's World Energy Outlook 2023 describes a future where electric cars, solar PV, and renewables play a much larger role, with renewables' share of the global electricity mix nearing 50%. Fossil fuel demand is expected to peak this decade, and the share of fossil fuels in global energy supply is projected to decline. However, stronger measures are needed to limit global warming to 1.5 °C. The IEA proposes a global strategy that includes tripling renewable capacity, doubling energy efficiency improvements, reducing methane emissions, increasing clean energy investments, and phasing out unabated coal-fired power plants.