Demand for oil, coal and natural gas is set to peak before the end of this decade, with fossil fuels' share in the world's energy supply dropping to 73% by the year 2030 after being "stuck for decades at around 80%," the International Energy Agency said Tuesday.
Energy related carbon dioxide emissions are also on course to peak by the year 2025.
Among other things, heat pumps — as well as other electric heating systems — are on course to outsell boilers that use fossil fuels.
"If countries deliver on their national energy and climate pledges on time and in full, clean energy progress would move even faster," the IEA's statement said.
"However, even stronger measures would still be needed to keep alive the goal of limiting global warming to 1.5 °C," it added.
Organizations:
International Energy Agency, Energy, IEA
Locations:
Paris