12 Nov 2025
If the world stays on its current path, oil and gas demand will keep rising for the next 25 years.
That’s right — no peak this decade, no major drop in CO₂ emissions, and likely no chance of keeping global warming below 1.5°C.
🔥 2024 was the hottest year on record.
Yet the International Energy Agency says “climate change is rapidly declining on the global energy agenda.”
Why?
Governments are prioritizing energy security and affordability over climate goals.
Growth of electric vehicles is slowing.
Demand for energy from AI, air conditioners, and manufacturing is exploding.
📈 Under the IEA’s new “Current Policies” scenario:
Oil demand grows from 100M → 113M barrels/day by 2050
EV adoption plateaus around 40% by 2035
Gas demand continues to climb
Coal finally peaks — but still lingers
💡 Even so, renewables will shoulder most of the new electricity demand — especially in India, SE Asia, Latin America, and Africa.
⚠️ Translation: The clean energy revolution is real…
…but fossil fuels aren’t going anywhere unless policies change fast.
Source: FT

