international energy agency
India Set to Become Global Epicenter of Oil Demand Growth Through 2035: IEA Report
Nov 13, 2025 01:54 am CST
The International Energy Agency reports that India will lead global oil demand growth over the next decade, with consumption projected to increase from 5.5 million barrels per day in 2024 to 8 million by 2035. Despite achieving its 50% non-fossil power capacity target ahead of schedule, India's rapid economic growth at 6% annually will drive energy demand across all sectors, solidifying its position as the new epicenter of global energy consumption growth.
Global Carbon Bomb Projects Continue Despite Climate Commitments: 28 New Fossil Fuel Ventures Since 2021
Oct 28, 2025 12:36 am CST
A new report by environmental NGOs reveals that 28 major "carbon bomb" fossil fuel extraction projects have begun operations since 2021, despite international agreements to phase out fossil fuels. These projects, along with over 2,300 smaller ventures, collectively threaten to exceed the global carbon budget for limiting warming to 1.5°C by 11 times, while major banks continue to provide $1.6 trillion in financing to the responsible companies.