Is the world ready to move into an 'energy substitution' phase?

Cecilia Keating
clock • 6 min read
Credit: iStock
Image:

Credit: iStock

BP analysis estimates that oil demand is set to peak in 2025, but it also warns that clean energy additions are still being outpaced by energy demand, leaving the door open for long term fossil fuel use

Once again experts have raised the alarm that the energy transition is not happening anywhere near fast enough to deliver climate goals, with the rapid clean energy around the world failing to keep up...

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

More on Energy

PPAYA launches new renewable energy marketplace

PPAYA launches new renewable energy marketplace

Open marketplace aims to connect clean energy generators and corporate buyers

BusinessGreen staff
clock 09 November 2026 • 2 min read
'New chapter': Energy security concerns to drive 4,800GW increase in renewables capacity by 2035

'New chapter': Energy security concerns to drive 4,800GW increase in renewables capacity by 2035

Energy shocks from Hormuz crisis and Iran war see renewables capacity additions in developing nations outside China rise to match advanced economies for the first time

Stuart Stone
clock 06 November 2026 • 3 min read

Government urged to adopt 2035 electrification target to help drive down energy bills

UK accused of 'lagging behind' neighbours on adoption of heat pumps, solar, batteries, and other clean technologies that can help reduce reliance on expensive fossil fuels

Michael Holder
clock 06 November 2026 • 6 min read