IEA heralds ‘the Age of Electricity’ while warning that oil may not peak in 2030 after all
NeutralFinancial Markets

The International Energy Agency (IEA) has released its World Energy Outlook, declaring the onset of 'the Age of Electricity.' This report highlights a potential shift in energy dynamics, suggesting that oil may not peak in 2030 as previously anticipated. The IEA emphasizes the importance of transitioning to electricity to address climate change effectively, aiming to mitigate the most severe risks associated with it. This development is significant as it reflects changing energy trends and the urgent need for sustainable solutions in the face of climate challenges.
— via World Pulse Now AI Editorial System
