English 
Spanish 
3 min read
0 comments
Clean energy projects still face challenges in the markets, as highlighted in the document.
The International Energy Agency predicts that energy demand fossil fuels, such as oil, coal and natural gas, will peak by 2030. The report highlights that new assets that use fossil fuels are being deployed less frequently until the energy system slows down. On the other hand, projects clean energy encounter obstacles due to cost inflation, supply chain bottlenecks and higher financing costs.
The International Energy Agency predicts that energy demand fossil fuels, such as oil, coal and natural gas, will peak by 2030. The report highlights that new assets that use fossil fuels are being deployed less frequently until the energy system slows down. On the other hand, projects clean energy encounter obstacles due to cost inflation, bottlenecks in the supply chain and higher financing costs.
Demand for fossil fuels will peak by 2030, report says
According to the International Energy Agency's (IEA) new global energy outlook report, demand for oil, coal and natural gas, the three main fossil fuels, will reach its highest point by 2030. The report also highlights that the deployment of low-emissions alternatives is slowing the adoption of new assets that use fossil fuels.
- Deadly collapse at Transpetro terminal: Discover the critical error that took the lives of two workers and left one injured in Angra dos Reis
- Vibrant Opportunities in the Natural Gas Market to 2025: Naturgy’s Views
- Petrobras announces that it will sell one of its oil fields, the first since the new president took over the state-owned company
- Pre-Salt Oil: China takes 23 million barrels and dominates historic auction of R$17 billion of oil from the Union
HEALTH – FREE MARKET
On the other hand, the document reveals that clean energy projects face obstacles in the markets, such as cost inflation, supply chain bottlenecks and higher financing costs.
Despite the end of fossil fuel growth, the report weakens the case for increasing investment in this area. The IEA projects three scenarios for its forecasts: Declared Policies (STEPS), Announced Promises (APS) and Net Zero Emissions by 2050 (NZE).
The agency highlights that clean energy is the most dynamic aspect of global energy investment, with growth expected to be driven by political and market stimuli. However, even with the reduction in oil and gas consumption, the report emphasizes that this is not enough to achieve the Net Zero Emissions scenario by 2050.
For an orderly transition, increased investment in all aspects of a clean energy system is necessary. The report also highlights the importance of an affordable, reliable and resilient energy supply, particularly in developing economies.
Emerging markets and developing economies are responsible for much of the global growth in electricity demand, making them essential for the energy transition.
Source: CNN Brazil
Be the first to react!