International Energy Agency (IEA) Now Predicts Oil and Gas Demand Will Rise beyond 2030 up to 2050, Departing from Previous Forecasts

Good news! When realism returns! Or when ideology trumped judgement in the past!

"The International Energy Agency predicts global demand for oil and gas will rise well beyond 2030, marking a sharp departure from the agency’s previous forecasts that demand for oil would peak by 2030.

In a new report, the IEA says low gas prices, growing concerns over energy security and a global lack of ambitious climate policies will delay the peak of the fossil fuel era until at least 2050. ..."

"... The World Energy Outlook 2025 (WEO-2025) has three main scenarios. Two of these set starting conditions and then examine where they lead – the Current Policies Scenario (CPS) and the Stated Policies Scenario (STEPS).

A third, the Net Zero Emissions by 2050 (NZE) Scenario, maps out a pathway to achieve specific energy and climate-related goals. ..."

IEA Now Predicts Oil and Gas Demand Will Rise beyond 2030, Departing from Previous Forecasts | Scientific American "The International Energy Agency says weak climate action and energy security fears are effectively delaying peak fossil fuel consumption"

World Energy Outlook 2025 Executive summary

Credits: Wednesday Wakeup from the Climate Discussion Nexus