The Unstoppable Clean Energy Transition: Oil, Gas, and Coal Demand to Peak by 2030

The International Energy Agency (IEA) predicts that by 2030, transportation and electricity worldwide will be significantly greener, with a tenfold increase in electric vehicles on the road and renewables accounting for half of the global electricity mix. The IEA's World Energy Outlook highlights the unstoppable transition to clean energy, driven by the decreasing cost of renewables. However, to meet climate goals, the IEA emphasizes the need to triple renewable energy capacity globally and triple investments in clean energy in developing economies. Despite progress, the world is still on track for around 2.4 degrees Celsius of global warming this century, and a potential glut in fossil gas supplies could hinder climate goals. World leaders will convene in Dubai in December for a United Nations climate summit to discuss a global deal to phase out fossil fuels.