| Curtesy of IEA |
The World Energy Outlook 2024 (WEO-2024), published by IEA, confirms that global clean energy momentum remains strong enough to bring about a peak in demand for oil, natural gas, and coal globally before 2030 in all major scenarios. While low-emissions sources, primarily renewables, are set to generate more than half of the world's electricity before 2030, the report heavily emphasises that geopolitical risks remain highly elevated, particularly stemming from escalating conflicts in the Middle East.
Focus on the Middle East (2030 Outlook)
The Middle East is scrutinised as its energy architecture remains dominated by fossil fuels, accounting for roughly 98% of its energy demand in 2023. This high dependence is shifting slowly: in the Stated Policies Scenario (STEPS), the region's energy demand is expected to rise by nearly 25% by 2035.









