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Renewables Surge: Fossil Fuels Peak by 2030

11/2/2025

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Summary

Story summary

The Global Energy Scenarios 2025 report shows a shift to renewables, with half of power generated from renewable sources.
Oil demand is expected to peak by the early 2030s, while gas growth slows.
Fossil fuels will remain dominant until 2040, while global CO2 emissions begin a decline around 2026 due to renewables and electric vehicle adoption.
Low-carbon investments exceed $900 billion annually and are projected to grow significantly by 2030.

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Story summary

The Global Energy Scenarios 2025 report shows a shift to renewables, with half of power generated from renewable sources.
Oil demand is expected to peak by the early 2030s, while gas growth slows.
Fossil fuels will remain dominant until 2040, while global CO2 emissions begin a decline around 2026 due to renewables and electric vehicle adoption.
Low-carbon investments exceed $900 billion annually and are projected to grow significantly by 2030.