 Energy & Environment |
Energy & Environment |
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Oil, coal, gas could peak this decade, IEA says |
Global demand for fossil fuels could peak by 2030, the International Energy Agency (IEA) said in a new report. |
© Eli Hartman/Odessa American via AP |
The IEA's new World Energy Outlook said that based on today's policies, peak global demand for coal, oil and gas are all "visible" this decade. It attributed this to "growing momentum" for non-fossil energy technology and "structural economic shifts" around the world. The report also said that it expects renewables to make up nearly 50 percent of global electricity in 2030, up from about 30 percent today. And it projected that there will be almost 10 times as many electric cars on the road than there are today. "The transition to clean energy is happening worldwide and it's unstoppable. It's not a question of 'if', it's just a matter of 'how soon' – and the sooner the better for all of us," IEA Executive Director Fatih Birol said in a statement. However, the report also said that more climate action is necessary to prevent 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming — a level scientists have said is necessary to evade the worst impacts of climate change. Read more in a full report from our colleague Lauren Sforza at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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A coalition of thousands of scientists has updated its 2019 World Scientists Warning of a Climate Emergency, saying the earth is entering "uncharted territory" with its capacity to support life "under siege." |
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| Another 5,000 members of the United Auto Workers (UAW) union walked off the job at a General Motors assembly plant in Texas on Tuesday, as the union expanded its strike against the three major automakers for a second day in a row. |
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Climate change-driven disasters have caused damages equivalent to $391 million a day for 20 years, according to projections published in the journal Nature Communications. |
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Branch out with a different read on The Hill: |
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A striking majority of poll respondents oppose congressional Republicans’ plans to repurpose conservation funding for non-climate-related farm bill programs. In a poll released exclusively to … |
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Upcoming news themes and events we're watching: |
- The Senate Budget Committee will hold a hearing on climate change and supply chains
The Senate Energy and Natural Resources Committee will hold a hearing on a series of of bills related to public lands, wildfires, forests and more
The House Natural Resources Committee will hold a markup on various pieces of legislation
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Two key stories on The Hill right now: |
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House Republicans will gather Tuesday evening to hear another round of pitches from potential Speakers just hours after House Majority Whip Tom Emmer’s bid ended. Read more |
| House Majority Whip Tom Emmer’s (R-Minn.) Speakership nomination collapsed in extraordinary fashion Tuesday, surviving only four hours and showcasing the complete chaos enveloping the House GOP conference. Read more |
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You're all caught up. See you tomorrow! |
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