IEA softens call to halt new upsteam projects but sees faster fossil fuel peak

Global demand for fossil fuels will likely peak before the end of the decade due to rapid progress on solar power and electric vehicles, the International Energy Agency said Sept. 26, while softening its contentious message that no new oil and gas projects should be approved into order to achieve net-zero emissions by 2050. The scenario foresees oil demand falling…Global demand for fossil fuels will likely peak before the end of the decade due to rapid progress on solar power and electric vehicles, the International Energy Agency said Sept. 26, while softening its contentious message that no new oil and gas projects should be approved into order to achieve net-zero emissions by 2050. The scenario foresees oil demand falling…  Read More