- New projections from the International Energy Agency suggest global oil demand will peak this decade.
- In a column for the Financial Times, the head of the IEA broke down the latest readings from the energy group.
- “This is the first time that a peak in demand is visible for each fuel this decade — earlier than many people had anticipated.”
The International Energy Agency’s latest projections suggest global demand for the three primary energy sources — oil, gas, and coal — will peak this decade.
In a Tuesday column published in the Financial Times, Fatih Birol, the executive director for the IEA, posited that “the age of seemingly relentless growth” for fossil fuel demand is at the beginning of the end. The energy group’s World Energy Outlook, to be released in October, points to an impending, historic turning point.
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