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Electrifying the World Is No Panacea for Global Warming, IEA Says

  • Agency says this still means increase in carbon emissions
  • Asia responsible for 60% of growth in solar and wind power
Residents Prepare As Hurricane Florence Barrels Towards The Carolinas
Photographer: Charles Mostoller/Bloomberg
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Driving electric cars and scrapping your natural gas-fired boiler won’t make a dent in global carbon emissions, and may even increase pollution levels.

Higher electrification may lead to oil demand peaking by 2030, but any reduction in emissions from the likes of electric vehicles will be offset by the increased use of power plants to charge them, according to the International Energy Agency’s annual World Energy Outlook, which plots different scenarios of future energy use.