Overview
- Solar-led renewables grow faster than any other major energy source in all modeled pathways, according to the IEA.
- Even with modeled U.S. policy reversals cutting 2035 U.S. renewable capacity by more than 30% versus last year’s outlook, global deployment continues to surge.
- The IEA reinstates a Current Policies Scenario after reported U.S. pressure, and even this status‑quo case shows renewables outpacing other sources.
- In key scenarios, global oil demand peaks around 2030 and trends down toward roughly 100 million barrels per day by 2035.
- Investment tilts toward electricity systems in 2025, with about $580 billion directed to power and storage, surpassing estimated global oil spending.