{"id":89568,"date":"2020-10-15T06:14:00","date_gmt":"2020-10-15T03:14:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030\/"},"modified":"2020-10-15T06:14:00","modified_gmt":"2020-10-15T03:14:00","slug":"iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030\/","title":{"rendered":"#\n  IEA crowns renewables \u2018new king\u2019 of world electricity markets as oil demand will flatten by 2030"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a242e5d221e7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a242e5d221e7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030\/#Despite_the_increase_in_solar_and_wind_power_carbon_emissions_are_projected_to_pick_up_in_2021\" >Despite the increase in solar and wind power, carbon emissions are projected to pick up in 2021<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030\/#Solar_panels_and_wind_turbines_are_pictured_on_a_barren_mountain_at_Shenjing_Village_China\" >Solar panels and wind turbines are pictured on a barren mountain at Shenjing Village, China.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/iea-crowns-renewables-new-king-of-world-electricity-markets-as-oil-demand-will-flatten-by-2030\/#Rachel_Koning_Beals\" >Rachel Koning Beals<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  IEA crowns renewables \u2018new king\u2019 of world electricity markets as oil demand will flatten by 2030<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Despite_the_increase_in_solar_and_wind_power_carbon_emissions_are_projected_to_pick_up_in_2021\"><\/span>\n  Despite the increase in solar and wind power, carbon emissions are projected to pick up in 2021<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000034925\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.25%;\" data-mobile-ratio=\"66.25%\" data-layout-ratio=\"66.25%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-245259?width=140&amp;size=1.509433962264151 140w,\nhttps:\/\/images.mktw.net\/im-245259?width=540&amp;size=1.509433962264151 540w,\nhttps:\/\/images.mktw.net\/im-245259?width=620&amp;size=1.509433962264151 620w,\nhttps:\/\/images.mktw.net\/im-245259?width=700&amp;size=1.509433962264151 700w,\nhttps:\/\/images.mktw.net\/im-245259?width=860&amp;size=1.509433962264151 860w,\nhttps:\/\/images.mktw.net\/im-245259?width=1260&amp;size=1.509433962264151 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-245259?width=620&amp;size=1.509433962264151\" data-enlarge=\"https:\/\/images.mktw.net\/im-245259?width=1260&amp;size=1.509433962264151\" alt=\"\" title=\"Solar panels and wind turbines are pictured on a barren mountain at Shenjing Village, China.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Solar_panels_and_wind_turbines_are_pictured_on_a_barren_mountain_at_Shenjing_Village_China\"><\/span>Solar panels and wind turbines are pictured on a barren mountain at Shenjing Village, China.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/figcaption><\/figure>\n<\/div>\n<p>       Oil demand will plateau in 2030 and drop from there, helping clear room for\u00a0solar\u00a0energy to become the \u201cnew king\u201d of electricity generation. <\/p>\n<p> That\u2019s the assessment in recent days from the International Energy Agency, which said <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.iea.org\/reports\/world-energy-outlook-2020\/outlook-for-energy-demand#abstract\" class=\"icon none\">in its 2020 world energy outlook<\/a> that a solar-lead  surge in renewable power will help fossil-fuel alternatives account for 80% of growth in global electricity generation in the next decade.<\/p>\n<div class=\"paywall\">\n       \u201cI see solar becoming the new king of the world\u2019s electricity markets,\u201d IEA Executive Director Fatih Birol said. \u201cBased on today\u2019s policy settings, it is on track to set new records for deployment every year after 2022.\u201d <\/p>\n<p>The report takes on added significance because the IEA in the past has tended to downplay the role of renewables, said Miro Korenha and Monica Medina, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.ourdailyplanet.com\/story\/new-iea-report-crowns-renewables-new-king-of-world-electricity-markets\/?utm_source=Our+Daily+Planet+Subscribers&amp;utm_campaign=01765dfe84-EMAIL_CAMPAIGN_2020_10_14_02_08_COPY_01&amp;utm_medium=email&amp;utm_term=0_15a39131a0-01765dfe84-62410117&amp;mc_cid=01765dfe84&amp;mc_eid=227f80dd28\" class=\"icon none\">writing in the Daily Planet newsletter<\/a>. <\/p>\n<p>Renewables are expected to overtake coal as the primary means of producing electricity in the world by 2025.  But, the IEA added, fossil-fuel demand can\u2019t be entirely counted out in large part because developing nations still want oil and gas. <\/p>\n<p>What\u2019s more, the coronavirus pandemic will cut global carbon emissions to a decade low this year, but rising long-term demand for fossil fuels in those developing nations means the world is on course to miss landmark climate targets absent more policy changes, the IEA report also said.<\/p>\n<p>Peak crude oil demand has already been reached in \u201cadvanced economies\u201d such as the U.S. and the European Union, but developing economies such as China and India will drive growing oil demand in the years ahead.<\/p>\n<p>Emerging market oil demand will rise by 9 million barrels a day in the years to 2030, offsetting a drop in the developed world, the IEA said.<\/p>\n<p>As for renewables, the combined share of solar photovoltaic (PV) and wind in global generation will rise to almost 30% in 2030 from 8% in 2019, the group said, with solar PV capacity growing by an average 12% a year.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Demand is being fed by maturing <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> and financing support for major solar PV projects, the IEA said. Solar PV is now cheaper than new coal- or gas-fired power plants in most countries, it said.<\/p>\n<p>A more ambitious policy scenario, such as the adoption of net-zero emissions targets by 2050, would see PV electricity generation perform even more strongly, the report said.<\/p>\n<p>Despite the increase in solar and wind power, carbon emissions are projected to pick up in 2021 after a 2.4 gigatonne (Gt) drop in 2020, the IEA said.<\/p>\n<p>That\u2019s unsettling <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> for climate-change watchers given the latest temperature data to be released Wednesday.<\/p>\n<p>Earth\u2019s temps sweltered to a record hot September last month, with U.S. climate officials saying there\u2019s nearly a two-to-one chance that 2020 will end up as the globe\u2019s hottest year on record.<\/p>\n<p>Boosted by human-caused climate change, global temperatures averaged 60.75 degrees last month, edging out 2015 and 2016 for the hottest September in 141 years of recordkeeping, the National Oceanic and Atmospheric Administration said. <\/p>\n<p>This record was driven by high heat in Europe, Northern Asia, Russia and much of the Southern Hemisphere, said NOAA climatologist Ahira Sanchez-Lugo. California and Oregon, meanwhile, which both made headlines with devastating wildfires, had their hottest Septembers on record.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Rachel Koning Beals\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Rachel_Koning_Beals\"><\/span>Rachel Koning Beals<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-D886D05A1500%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# IEA crowns renewables \u2018new king\u2019 of world electricity markets as oil demand will flatten by 2030 &#8221; Despite the increase in solar and wind power, carbon emissions are projected to pick up in 2021 Solar panels and wind turbines are pictured on a barren mountain at Shenjing Village, China. Oil demand will plateau in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":89569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-89568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=89568"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/89569"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=89568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=89568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=89568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}