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Oil and gas firms must convert to renewables or face decline, says IEA chief

Fatih Birol says fossil fuel use will peak in 2030, and urges companies to lead switch to green energy

Cop28 live – latest updates

Oil and gas producers must convert their operations to renewable energy or face steep economic decline, the world’s chief energy adviser has said amid the forging of a new alliance of energy companies at the UN Cop28 climate summit.

Fatih Birol, executive director of the International Energy Agency, said: “We have to find a way to reduce fossil fuel consumption, and as such there is an important role that the oil and gas industry can play. I very much hope that they can show in Dubai that they can be part of the solution when it comes to tackling climate change.”

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