Global demand for all types of fossil fuels will peak by the mid-2030s, according to new projections from the International Energy Agency that offer a rare glint of optimism about climate change.
In its annual World Energy Outlook released on Thursday, the IEA — a highly influential energy group — said it expects that the world's demand for oil, natural gas and other carbon-emitting fuels will start to decline because of new policies that governments have put in place to fight climate change. It also suggested that the energy crisis sparked by the war in Ukraine will accelerate the switch to green energy.
