The era of fossil fuels may soon hit its sunset phase! 🌅 According to the International Energy Agency (IEA), surging clean energy growth and global economic shifts are set to slow fossil fuel demand, with projections showing a peak by 2030. Buckle up for a greener future! 🚀
The IEA’s World Energy Outlook 2024 reveals that renewable energy is now outpacing fossil fuels so dramatically that it could meet all global energy demand growth post-2030. 💡 In 2023 alone, over 560 gigawatts of renewable capacity (think 560 million toasters running non-stop! 🍞) were added worldwide, fueled by nearly $2 trillion in clean energy investments—double the cash flowing into fossil fuels. 💸
China’s role? Massive. 🇨🇳 The country built 60% of last year’s new renewable projects. By the 2030s, China’s solar power could outshine the entire U.S. electricity demand—yes, that’s lights, phones, and TikTok servers combined. 📱⚡
But it’s not all sunshine: Liquefied natural gas (LNG) demand is still rising 2.5% annually through 2035, and oil markets may see a 8 million barrel-per-day surplus by 2030. Stay tuned for energy’s next plot twist! 🌍🔋
