IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand
R-Squared Energy
OCTOBER 30, 2023
Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels within this decade. However, it is important to note that coal is the only fossil fuel projected to decline over the next decade under the IEA’s Stated Policies Scenario. Natural gas demand grows 40% by 2050, while coal use declines.
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