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!
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! 
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. 
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. 
: 60% of Renewable…
