AI Energy Demand Can Keep Fossil Fuels Alive
Just before the November 2024 election, the International Energy Agency (IEA) released its flagship annual report on global energy markets – and the agency’s forecast suggested a new era was dawning.
Over 150 years of growth in demand for fossil fuels has nearly reached its end, the IEA’s forecasts showed for a second year in a row. Fossil fuel demand will peak by the end of this decade, the organization affirmed, concluding that clean energy like wind, solar, and storage look increasingly capable of driving fossil fuels out of global energy markets – and soon.