Skip to content
Energy, Political

Demand for fossil fuels set to plummet warns new report: Rush to renewables puts pressure on Albanese to propose new plan

Secure Energy Project 2 mins read

A stark warning was issued to Australia today as the world’s leading energy experts revealed that global fossil fuel demand is set to plummet. 

The eagerly awaited International Energy Agency report World Energy Outlook 2023, released today, announced that worldwide demand for polluting fuels like coal and gas will peak before 2030 and then decline.

Today’s revelation reinforces similar findings announced just last week, which found Australian fossil fuel demand peaked 13 years ago, and has slumped by over 20 per cent since then. 

In contrast, millions of Australian homes now have rooftop solar power. Over three million homes - one in three - have solar panels. And forecasts suggest this could double in ten years.

Recent international research by the world-renowned Yale University found that over 70 per cent of Australians say climate change should be a high or very high government priority, and over 80 per cent backed an increase in renewable energy, like wind and solar.

Richie Merzian, International Director, Smart Energy Council said: "Today’s report is a warning to the government of Australia. The fossil fuel era is nearing its end, and we can no longer continue to back a horse that’s being outpaced. Continuing the bad bet on polluting fossil fuels like coal is creating fiercer floods, fires and storms, and threatens to saddle Australian families with higher household bills.

"The message to Prime Minister Albanese today couldn’t be clearer. Australians and the world’s leading energy expert organisation are saying: more renewable energy please, as soon as possible.

"Our international allies, including many key trading partners, have recently backed a tripling of global renewable energy by 2030, and that’s exactly what Australia should be doing too.

"The high profile UN climate talks are coming in just over a month, and the Prime Minister has a chance to set his legacy and set Australia on a new path by committing to a global target of tripling of renewable energy every year til 2030."

Just last week, political leaders in the powerful EU bloc backed a global tripling of clean renewable energy by 2030 in a landmark decision. The target, which could create millions of jobs worldwide, has also recently been backed by others, including the G20 and many African countries. The tripling goal could form part of the final negotiating text at climate conference COP28 in Dubai in December.

Contact details:
Niall Bennett
Secure Energy Project
+64 (0)220 796116

More from this category

  • Government Federal, Political
  • 25/07/2024
  • 11:34
Monash University

Monash Expert: Senior government ministers retiring and cabinet reshuffle

Two senior members of the government, Linda Burney, the Minister for Indigenous Australians and Skills and Training Minister Brendan O'Connor, have announced their plans to retire at the end of this term of government. Both will step down from their positions as ministers immediately, with the Prime Minister expected to announce his new ministry on Sunday. A Monash expert is available to discuss what this cabinet reshuffle means in the lead up to next year’s election. Dr Zareh Ghazarian, Politics Lecturer in the School of Social Sciences Contact: +61 402 851 224 or Read more of Dr Ghazarian’s commentary…

  • Political, Results Statistics
  • 24/07/2024
  • 22:30
Productivity Commission

50th annual Trade and Assistance Review released

The Productivity Commission has released the 50th annual Trade and Assistance Review (TAR), which reports on the amount of assistance provided to industry by…

  • Contains:
  • Foreign Affairs Trade, Political
  • 24/07/2024
  • 16:10
International Justice Mission


International Justice Mission (IJM) Australia) welcomes move by eSafety Commissioner to hold big tech companies to account for tackling online child sexual abuse. The legal notices require big tech companies to explain how they address the child abuse material that is being promoted and distributed on their platforms. Companies are required to provide an updated report to the regulator every 6 months over the course of 2 years. IJM Country Director, Mr David Braga, “We commend the eSafety Commissioner, Julie Inman-Grant’s legal directive that will mandate big tech companies to report and review what they are doing to mitigate online…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.