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Renewables Surge as Coal Declines; Oil Demand Peaks by 2030

11/15/2025

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Story summary
  • The International Energy Agency's World Energy Outlook 2025 projects rising electricity demand largely met by renewables as coal declines.
  • The report says oil demand may peak around 2030, though projections vary.
  • The U.S. Energy Information Administration predicts solar will lead electricity growth, reaching 26% by 2026.
  • China’s emissions have stabilized due to renewable energy growth and electric vehicle adoption, but industrial emissions remain a concern and 2030 targets require reductions.