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Demand for fossil fuels predicted to start falling by 2030

Waiting for demand to fall will be too little too late, climate campaigners warn

DEMAND for coal, oil and gas will start falling by 2030, according to a report released by the International Energy Agency today.

According to the IEA’s World Energy Outlook 2023, the share of fossil fuels in the global energy supply will decrease to 73 per cent from 80 per cent by the end of the decade.

The report also says that new emissions of greenhouse gases globally will peak by 2025.

However it warned that world is still on track for temperatures to rise by as much as 2.4°C by 2100. 

Jon Fuller of Extinction Rebellion cautioned that waiting for fossil fuel demand to fall is a case of too little too late.

He said: “The latest data from the Copernicus climate service shows we are perilously close to breaching the 1.5°C threshold agreed at Cop21.

“The fact is we are out of time. We need emergency action to decarbonise the economy, delivering around 10 per cent cuts per annum in emissions. 

“We cannot wait until 2030 for demand for fossil fuels to peak. Billions of lives depend upon us protecting our young and the vulnerable.”


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