IEA: Global fossil fuel demand may continue to grow until 2050.

Local time on Wednesday, the International Energy Agency stated that global oil and gas demand may continue to grow until 2050. This forecast deviates from previous expectations of a gradual shift towards clean energy globally, and implies that the world may not be able to meet its climate goals. The IEA predicts that under a "current policies scenario," global oil demand will reach 113 million barrels per day by the mid-century, an increase of approximately 13% from the 2024 level.