"IEA Predicts Global Fossil Fuel Demand to Peak by 2030 as Unstoppable Shift to Clean Energy Takes Hold"

The International Energy Agency (IEA) predicts that global demand for fossil fuels will peak by 2030 as the world shifts towards clean energy sources. The IEA forecasts that global oil use will peak at around 102 million barrels a day by the end of the decade, falling to 97 million barrels a day by 2050 due to the adoption of electric vehicles. The agency also expects a significant increase in the number of electric cars on the roads by 2030 and a rise in renewable energy sources, which could account for nearly half of the world's energy supply. The IEA urges governments, companies, and investors to support clean energy transitions and increase investments in clean energy systems. However, the fossil fuel industry disputes the IEA's forecasts and argues for continued investment in the sector.