"While some nations are burning more coal this year in response to natural-gas shortages spurred by Russia’s invasion of Ukraine, that effect is expected to be short-lived."
"WASHINGTON — The energy crisis sparked by Russia’s invasion of Ukraine is likely to speed up rather than slow down the global transition away from fossil fuels and toward cleaner technologies like wind, solar and electric vehicles, the world’s leading energy agency said Thursday.
While some countries have been burning more fossil fuels such as coal this year in response to natural gas shortages caused by the war in Ukraine, that effect is expected to be short-lived, the International Energy Agency said in its annual World Energy Outlook, a 524-page report that forecasts global energy trends to 2050.
Instead, for the first time, the agency now predicts that worldwide demand for every type of fossil fuel will peak in the near future.
One major reason is that many countries have responded to soaring prices for fossil fuels this year by embracing wind turbines, solar panels, nuclear power plants, hydrogen fuels, electric vehicles and electric heat pumps. In the United States, Congress approved more than $370 billion in spending for such technologies under the recent Inflation Reduction Act. Japan is pursuing a new “green transformation” program that will help fund nuclear power, hydrogen and other low-emissions technologies. China, India and South Korea have all ratcheted up national targets for renewable and nuclear power."
Brad Plumer reports for the New York Times October 27, 2022.
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