'Burnout': Study predicts low carbon, digital shift could bring 'peak oil' demand forward to mid-2020s

Michael Holder
clock • 4 min read

Aurora Energy Research report suggests widespread digitisation and electrification may soon spell big trouble for coal and oil

The rapid shift towards renewables and electric vehicles (EVs) could lead to peak oil demand as soon as the mid-2020s, resulting in a huge $19tr of lost oil company revenue over the next two decades, a...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Michael Holder
Author spotlight

Michael Holder

Environmental journalist and editor

View profile
More from Michael Holder

Global Briefing: Canada touts 'largest clean energy investment in North American history'

National Drought Group: Dry conditions intensifying in England, despite patches of rainfall

More on Energy

Global Briefing: Canada touts 'largest clean energy investment in North American history'
Energy

Global Briefing: Canada touts 'largest clean energy investment in North American history'

Canada hails deal to channel $70bn into renewables projects, China's new Ecological and Environment Code, and Kenya's clean power drive all feature in our weekly round-up of the top green business news from around the world

Michael Holder
Michael Holder
clock 21 August 2026 • 7 min read
Business energy costs up 25 per cent since February
Energy

Business energy costs up 25 per cent since February

Analysts warn high energy prices driven by the volatile gas market will 'continue to weigh on investment decisions'

James Murray
James Murray
clock 21 August 2026 • 3 min read
UK home solar and battery installations smash records in first half of 2026
Energy

UK home solar and battery installations smash records in first half of 2026

Latest data shows installation of certified small-scale clean energy technologies was up 17 per cent year-on-year during first half of 2026, but heat pump market faces worrying slowdown

Michael Holder
Michael Holder
clock 20 August 2026 • 5 min read