The International Energy Agency believes global emissions will peak in 2025, as energy prices surge due the Russian invasion of Ukraine.
This is the finding from its World Energy Outlook report for 2022.
With higher investment in renewable energy in recent times, it is setting up demand for all fossil fuels to peak or plateau, leading to a drop in emissions.
“The global energy crisis triggered by Russia’s invasion of Ukraine is causing profound and long-lasting changes that have the potential to hasten the transition to a more sustainable and secure energy system,” the IEA said in a statement.
The IEA forecasts global clean energy investment to rise by more than 50 percent from today’s levels to $2 trillion per year by 2030.
