12 September 2023
IEA’s upcoming research, set for October, suggests demand for coal, natural gas, and oil will peak soon, even without new climate policies. Fatih Birol, the IEA head, claimed this shift is due to renewable energy and electric vehicles. He mentioned the end of relentless growth in oil and gas demand but emphasized challenges in meeting this projection, including obstacles in the adoption of heat pumps and Europe’s shift away from gas.