IEA's Bullish Oil Scenario a Wake-Up Call for Climate Action

Contributing sentiments towards policy:

59% : While the CPS projects that electric car sales will continue to grow rapidly in China and the European Union to reach 90% of all auto sales by 2035, it also assumes that EV market share will flatline at around 15% in other countries such as the United States and India.
57% : The CPS, which appears to be the base scenario among several IEA projections, "offers a cautious perspective" on the speed of adoption of new technologies and therefore assumes a bigger role for fossil fuels in the coming decades.
57% : Given the enormous investments in these fields globally - investments in clean energy technologies worldwide are set to reach $2.2 trillion in 2025 - the boost expected from artificial intelligence and the push for greater energy security, such assumptions are a bit head-scratching.
52% : The "existing policies" baked into the Current Policy Scenario (CPS) range from renewables mandates and fossil fuel extraction laws to construction and vehicle emission standards.
45% : He has since scrapped many of his predecessor's flagship green policies and regulations.
44% : And, to be fair, previous scenarios probably were overly optimistic about the implementation of climate-friendly policies and the shift away from fossil fuels.
28% : Officials in U.S. President Donald Trump's administration have accused the Paris-based watchdog of politicising energy by suggesting that demand for fossil fuels could plateau by 2030.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.