Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says

• Global fossil fuel demand must fall by 25% by 2030 for the world to meet climate change goals, the IEA said.  
• In a Tuesday report, the group said the path to limiting global warming has narrowed.
• The IEA added that, by 2050, global fossil fuel demand would have to tumble by 80%.

Governments must work to reduce global fossil fuel demand by 25% by the start of the next decade to limit global warming to 1.5 °C, according to the International Energy Agency's updated outlook, Net Zero Roadmap, published Tuesday. 

Beyond 2030, fossil fuel demand will have to drop by 80% by 20250 in the IEA's view. Demand dropping to that level would mean the world no longer needs most new oil and gas projects, and wouldn't require new coal mining operations.