Futurology

"In addition, after pressure from the Trump administration in the US, the IEA has resurrected its “current policies scenario”, which – effectively – assumes that governments around the world abandon their stated intentions and only policies already set in legislation are continued."

The IEA has a decades-long history of vastly underestimating renewables adoption, but it has now truly entered the realms of the absurd and ridiculous. To reach these new fossil-fuel-friendly industry conclusions, it has to ignore different global government's stated Net Zero Commitments. Include them, and that alone sees oil use 77% lower in 2050.

Another thing they had to ignore? Electric Vehicle adoption. These new figures assume there won't be any more in the world in 2050 than today.

The truth is that global coal use is already in steep permanent decline, and oil will soon follow.