The Globe and Mail reports in its Wednesday edition that the International Energy Agency says even if no new government climate policies are introduced before 2030, global demand for fossil fuels will still peak before the end of the decade. A Canadian Press dispatch to The Globe reports that the IEA report says the worldwide rollout of key technologies such as renewable power, electric vehicles and heat pumps is happening so quickly that demand for coal, oil and natural gas is set to peak within the next 10 years. The IEA says this means that no new major oil- and gas-extraction projects are needed anywhere around the globe, nor any new coal mines, mine extensions or unabated coal plants. "If the world is successful in bringing down fossil demand quickly enough to reach net-zero emissions by 2050, new projects would face major commercial risks," the IEA stated. Still, the report's authors pointed out that while the transition is occurring, more still needs to be done to hold global warming to the 1.5-degree-Celsius target the international community agreed to at the 2015 climate summit in Paris. While 1.5 C is still achievable, the IEA said, the paths available to get there are narrowing.