The Interview
Fatih Birol: Is the global energy transition veering off course?
Dec 4, 2023
Stephen Sackur speaks to Fatih Birol, Head of the International Energy Agency, about the global energy transition and its challenges. They discuss the decline of fossil fuel demand, the growth of solar energy in India, the role of carbon capture and storage, and the upcoming COP meeting in Dubai.
23:38
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Quick takeaways
- The slowing growth of the Chinese economy and the rapid growth of renewables and clean energy sources point towards a peak in global demand for fossil fuels before 2030.
- Governments need to take the lead in driving the transition to clean energy, as relying solely on market forces may not bring about the necessary changes quickly enough.
Deep dives
Transition to Clean Energy Economy
A new clean energy economy is emerging faster than many realize, with electric cars sales increasing and the expectation that every second car sold globally by 2030 will be electric. While big oil companies claim there will still be a demand for fossil fuels, the slowing growth of the Chinese economy, coupled with the rapid growth of renewables and clean energy sources, points towards a peak in global demand for fossil fuels before 2030.
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