International Energy Agency: Renewable energy is increasing significantly despite America’s change in direction

In this context, Trump also attacked the IEA, which in its reports in recent years has always assumed a decline in demand for oil and gas. In this year’s World Energy Report, the Paris-based organization highlighted three different scenarios, including one that assumes fossil fuel consumption will continue to increase until 2050.

This scenario predicts developments that are in line with the energy strategy currently implemented by the government. Another scenario considers a desired change in strategy. In this case, “policy changes mean the US will have 30 percent less installed renewable energy capacity in 2035 than last year’s forecast, but at the global level, renewable energy continues to grow rapidly.”

In this IEA scenario, oil demand would peak around 2030 and fall to 100 million barrels per day in 2035. In its June report, the IEA had predicted that global oil demand would fall slightly in 2030, which would be the first decline since the Covid pandemic in 2020.

The conservative scenario, which simply continues existing government guidance, assumes a 16 percent increase in oil and gas demand in 2035 and a further increase in 2050. For Rachel Cleetus of the Union of Concerned Scientists organization, “this does not reflect the reality around the world, but is politically motivated.” Unfortunately, the Trump administration “is passing bad policies in the United States and working to weaken climate policy around the world.”