{"id":287429,"date":"2025-11-16T02:52:08","date_gmt":"2025-11-16T02:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/287429\/"},"modified":"2025-11-16T02:52:08","modified_gmt":"2025-11-16T02:52:08","slug":"we-are-addicted-to-fossil-fuels-so-lets-just-accept-it","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/287429\/","title":{"rendered":"We are addicted to fossil fuels, so let\u2019s just accept it"},"content":{"rendered":"

So what\u2019s happening? The IEA gets it right this time. \u201cThe world remains thirsty for energy,\u201d it says in the 2025 edition of its flagship report, the World Energy Outlook, published November 12.<\/p>\n

At the same time, \u201cthere is less momentum than before behind national and international efforts to reduce emissions\u201d, it adds. In an earlier draft, it appropriately put the blame where it lays, citing a great emphasis in some countries, \u201cnotably in the United States, on preserving the energy status quo rather than changing it.\u201d That wording didn\u2019t survive the drafting process; we can only wonder who Tipp-exed it out.<\/p>\n

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The biggest obstacle is that electricity demand is exploding as the world moves to electrify everything.<\/p>\n

Out go gasoline cars, in come electric vehicles; out go gas boilers, in come heat pumps, and so on. Add new power needs, from cooling and water desalination to data centres<\/a>, and \u201cthe growth pace is unprecedented\u201d, Birol said in an interview.<\/p>\n

Solar and wind are making a huge effort to meet a significant chunk of the incremental demand, but nuclear, coal and gas are still needed. And oil keeps growing.<\/p>\n

Put together, that means that the energy transition is, for now at least, one of addition rather than substitution, where renewable sources of energy top up fossil fuels rather than replacing them. To be sure, addition and substitution are two phases of any transition; the former is a prerequisite step to achieve the latter. But what the IEA is mapping out now suggests the addition phase may last for 25-plus years.<\/p>\n

Every year, the IEA tries to imagine the future of energy, making huge assumptions about economic development, population growth, political will, technological developments and prices. While the exercise is quite useful, it doesn\u2019t come remotely close to being a forecast.<\/p>\n

The agency long used a baseline model \u2013 the current policy scenario (CPS) \u2013 but it had significant shortcomings.<\/p>\n

Historically, it undercounted solar and wind power and over-estimated fossil fuels. Thus, in 2020, the IEA discontinued it, in part due to pressure from green campaigners, effectively replacing it with a stated policies scenario (STEPS) including \u201cpolicy proposals, even if the specific measures needed to put these proposals into effect have yet to be fully developed\u201d.<\/p>\n

In short, it mixed policy with political promises. It added another, called net zero emissions (NZE), which mapped what would be needed to limit global warming to 1.5 degrees Celsius.<\/p>\n

\"Norway<\/p>\n

Norway is western Europe\u2019s largest petroleum producer.Credit: AP<\/p>\n

Starting in 2023, that renewed emphasis on political ambitions shifted the path for fossil-fuel demand \u2014 and carbon-dioxide emissions \u2014 to predict peak consumption by 2029. This year, the IEA has revived its CPS \u2014 in part due to pressure from the Trump administration.<\/p>\n

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The scenario shows that neither oil nor gas demand would peak until, at the earliest, 2050. Even the new edition of the STEPS scenario doesn\u2019t show a zenith this decade any more for oil and gas. Instead, the high point for oil demand is delayed one year, from \u201cbefore 2030\u201d to \u201caround 2030,\u201d and gas keeps growing until 2035.<\/p>\n

Peak consumption has become the \u201choly grail\u201d of the energy debate. But the precise year when it arrives is far less important than the shape of the consumption curve before and after it\u2019s reached. Focusing on the path, rather than the summit, is crucial to understanding where the world is heading.<\/p>\n

For oil, those curves show demand remaining not far from today\u2019s levels of about 100 million barrels a day. Consumption may grow a bit, reaching nearly 113 million barrels a day by 2050 under CPS, or it may drop a bit to 97 million barrels a day under STEPS, but it won\u2019t collapse in the off-a-cliff- trajectory that green campaigners hope for.<\/p>\n

To me, that\u2019s the most important message of this week\u2019s report: Fossil fuel demand remains entrenched. Now that we know where we\u2019re going, we can have a sensible debate about the benefits \u2014 and costs \u2014 of changing course.<\/p>\n

Javier Blas is coauthor of \u201cThe World for Sale: Money, Power and the Traders Who Barter the Earth\u2019s Resources.\u201d<\/p>\n

Bloomberg<\/p>\n","protected":false},"excerpt":{"rendered":"So what\u2019s happening? The IEA gets it right this time. \u201cThe world remains thirsty for energy,\u201d it says…\n","protected":false},"author":2,"featured_media":287430,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[64,63,75,128],"class_list":["post-287429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-au","tag-australia","tag-environment","tag-science"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/287429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=287429"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/287429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/287430"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=287429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=287429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=287429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}