IEA Reverses Tone On Fossil Fuels, Sees Oil Demand Climbing Till 2050

Contributing sentiments towards policy:

70% : The IEA's move alongside several other new forecasts by the likes of BP, which erroneously predicted that oil demand had peaked in 2020, comes amid a renewed global push for fossil fuels spearheaded by the Trump administration, which has also rolled back several renewable energy incentives.
65% : Renewable Energy To Still Grow The IEA, however, still projected that renewable energy would grow faster than any other major energy source across all scenarios, led by solar photovoltaics (PV).
62% : The International Energy Agency reintroduced a scenario in its forecast, projecting that oil demand will continue to rise until 2050, marking an extraordinary shift in tone toward fossil fuels.
42% : The CPS is based on existing policy and regulations and does not take into account policy proposals.
24% : Its more conservative predictions about fossil fuels have often drawn the ire of OPEC+ countries and the Trump administration.

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