Renewables Boom Coming Before 2030, But Faster Climate Action Needed: IEA

Demand for fossil fuels like coal, oil, and gas expected to peak before 2030 as renewable energy grows, says International Energy Agency (IEA).

IEA projects 10x more electric vehicles, solar to generate more electricity than U.S. power system, and renewables supplying 50% of world's electricity by 2030.

But transition pace must quicken to limit warming to 1.5°C and avoid worst climate impacts, per IEA.

IEA strategy includes tripling renewables, doubling energy efficiency, and 75% cut in methane emissions by 2030.

Geopolitics introducing uncertainty, but international cooperation key for accelerating clean energy transitions, says IEA.