For a glimpse into the future of the energy sector, the 2024 IEA report provides a picture of what that landscape may look like in the coming years.

The yearly report covers several topics, including renewables, electric mobility, liquefied natural gas (LNG) and how heatwaves, efficiency policies and the rise of artificial intelligence might affect electricity demand.

Some of the key takeaways involve security risks to energy worldwide. Geopolitical tensions are the headline issue affecting not only energy security but also the concerted effort of global emissions reduction. Moreover, energy security and climate action are inextricably linked: extreme weather events, intensified by decades of high emissions, already pose profound risks.

On the topic of clean energy, the report states that the drive for power remains strong enough to bring a peak in demand for each of the fossil fuels by 2030.

For more information: https://www.iea.org/reports/world-energy-outlook-2024