World Energy Agency Predicts End of Fossil Fuel Era as Renewable Energy Booms
The International Energy Agency (IEA) has released its flagship annual report, predicting a significant shift away from fossil fuels in favor of renewable energy. According to the agency, renewables will grow faster than any other major energy source over the next decade, making the transition towards cleaner energy "inevitable" despite resistance in some parts of the world.
The IEA's report forecasts that global investment in datacenters will reach $580 billion by 2025, surpassing the $540 billion spent on global oil supply. This growth in low-carbon electricity is expected to seal the end of the fossil fuel era, with major tech companies seeking a steady supply of clean energy to power their operations.
The report also highlights a "renaissance" for nuclear power, driven by demand from tech giants seeking reliable and low-carbon electricity. Global investment in renewable energy is expected to meet nearly all the world's growing appetite for electricity over the next decade, fueled by increasing demand for electric cars, heating, cooling, and datacenter power.
Despite US President Donald Trump's efforts to retreat from green investments, the IEA's report confirms that no single country can stop the energy transition. Campaigners are calling on world leaders gathered at the UN's Cop30 climate talks in Brazil to reject a "dystopian future" for fossil fuels and commit to a fast, fair, and funded phase-out.
The IEA's findings have been welcomed by thinktanks and advocacy groups, who argue that a rapid expansion of renewables is inevitable. Ember, a thinktank, predicts that renewables will dominate the future, with all fossil-importing nations benefiting from embracing clean energy.
The report's release has also sparked calls for wealthy nations to commit to ending fossil fuel investment and boosting climate finance. Christian Aid has urged governments to use Cop30 to pledge to end public funding for new fossil fuel projects and increase support for renewable energy development in vulnerable communities.
The International Energy Agency (IEA) has released its flagship annual report, predicting a significant shift away from fossil fuels in favor of renewable energy. According to the agency, renewables will grow faster than any other major energy source over the next decade, making the transition towards cleaner energy "inevitable" despite resistance in some parts of the world.
The IEA's report forecasts that global investment in datacenters will reach $580 billion by 2025, surpassing the $540 billion spent on global oil supply. This growth in low-carbon electricity is expected to seal the end of the fossil fuel era, with major tech companies seeking a steady supply of clean energy to power their operations.
The report also highlights a "renaissance" for nuclear power, driven by demand from tech giants seeking reliable and low-carbon electricity. Global investment in renewable energy is expected to meet nearly all the world's growing appetite for electricity over the next decade, fueled by increasing demand for electric cars, heating, cooling, and datacenter power.
Despite US President Donald Trump's efforts to retreat from green investments, the IEA's report confirms that no single country can stop the energy transition. Campaigners are calling on world leaders gathered at the UN's Cop30 climate talks in Brazil to reject a "dystopian future" for fossil fuels and commit to a fast, fair, and funded phase-out.
The IEA's findings have been welcomed by thinktanks and advocacy groups, who argue that a rapid expansion of renewables is inevitable. Ember, a thinktank, predicts that renewables will dominate the future, with all fossil-importing nations benefiting from embracing clean energy.
The report's release has also sparked calls for wealthy nations to commit to ending fossil fuel investment and boosting climate finance. Christian Aid has urged governments to use Cop30 to pledge to end public funding for new fossil fuel projects and increase support for renewable energy development in vulnerable communities.