All posts tagged: World Energy Outlook

Greening Speed: IEA says Russia’s war in Ukraine accelerating global shift to clean energy

In the wake of Russia’s February invasion and skyrocketing prices, to ensure energy security and affordability, nations worldwide are installing record levels of solar and wind capacity. Now, for the first time ever, in their annual World Energy Outlook the International Energy Agency (IEA) is predicting fossil fuel demand will peak near-term as non-emitting sources begin producing the majority of global power by 2030. Moreover, following sustained market turbulence on top of its proven climate impacts, the IEA no longer backs “natural” fossil gas a reliable transition fuel. Also, building upon Egypt’s COP27, several wealthy nations and investment agencies are banding together to assist top-ten emissions producer, Indonesia, as well as several other developing countries to accelerate their shifts from coal to clean. Lead blogger and podcaster Michael Buchsbaum helps us navigate through the rapid changes.

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