October 16, 2024 9:04 PM

‘Age of electricity’ to follow looming fossil fuel peak, IEA says

The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday. But in a release accompanying its annual World Energy Outlook report, the agency also flagged a high level of uncertainty as conflicts embroil the oil and gas-producing Middle East and Russia and as countries representing half of global energy demand ha...