By Will Horner Demand for all three major fossil fuels--oil, coal and natural gas--will peak this decade, marking the 'beginning of the end' of fossil fuels...
Demand for all three major fossil fuels--oil, coal and natural gas--will peak this decade, marking the"beginning of the end" of fossil fuels and a"historic turning point" in the world's transition toward renewable energy, the head of the International Energy Agency said Tuesday.
"Fossil fuels will be with us for many years to come - but looking at our numbers, we may be witnessing the beginning of the end of the fossil fuel era," said Fatih Birol, the IEA's executive director, in a statement."This isn't driven by any shortage of fossil fuel resource, but by the spectacular rise of clean energy technologies."
"Higher oil prices only make the alternatives--such as electric vehicles--more competitive and accelerate the transition to clean energy, especially in the transport sector," Birol said.
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