Demand for fossil fuels is expected to peak this decade
Energy sector carbon emissions to peak in 2025 – IEA
New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
New policies announced by governments around the world mean global energy‐related CO₂ emissions will peak in 2025, according to the IEA’s most recent World Energy Outlook. The US Inflation Reduction Act, the EU’s RepowerEU package and new targets in China mean that annual clean energy investment will rise to $2tn by 2030 from $1.3tn today, according to the IEA’s stated policies scenario (Steps) which is based on concrete actions taken by nations. This will cause demand for fossil fuels to peak this decade—the first time this has been forecast in an IEA Steps scenario. The scenario shows global energy‐related CO2 emissions peaking at 37gt/yr in 2025, before falling back to 32gt/yr by 2050. Th
Also in this section
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
