IEA: Fossil fuel demand could peak by 2030 as clean energy policies spur EV and renewable growth, but more climate action needed

International Energy Agency predicts global demand for oil, gas, and coal will peak by 2030 due to cleaner energy policies.

Report says there could be 10x as many electric vehicles and 50% of electricity from renewables by 2030.

Oil cartel OPEC disagrees, warns underinvestment could lead to "energy chaos."

China's appetite for steel, cement may be leveling off, reducing fossil fuel demand.

Even if fossil fuel demand peaks, more climate policies needed to prevent warming beyond 1.5C.