News & Insights Across Asia
According to the IEA’s World Energy Outlook 2024, clean energy growth is expected to peak global fossil fuel demand by 2030, marking a significant shift in the global energy landscape.
The IEA warns that nations are falling short of the goal to triple renewable energy capacity by 2030, risking efforts to limit global warming to 1.5°C. Current plans may reach only 8,000 GW instead of the 11,000 GW target.
Electric car sales are set to surge, with the IEA forecasting that by 2035, half of all cars sold globally will be electric, significantly impacting oil demand and reshaping the automotive industry.