Fossil Fuel Peak Appearing on the Horizon

Trillions of dollars at risk as energy transition disrupts entire sectors

Rapid global growth of clean technologies will see fossil fuel demand peak in the 2020s, putting trillions at risk for unsavvy investors oblivious to the speed of the unfolding energy transition, finds a new Carbon Tracker report released today. Demand for coal, gas and oil is stalling because the cost of renewables and battery storage is falling fast, emerging economies are pursuing clean energy, and governmental policy is being driven by the need to slash emissions, control climate change and reduce air pollution. Kingsmill Bond, Carbon Tracker New Energy Strategist and author of the report, said: “The 2020s will be the decade of fossil fuel demand peaks, as one bastion after... ... More: Official Press Release Carbon Tracker

Keywords:

Carbon Tracker, study, fossil fuel, peak, renewables, 2020, energy demand