Ahead of the United Nations COP28 climate summit in Dubai later this year, the International Energy Agency (IEA) has once again released its yearly report on energy generation and renewables.
The IEA shared the 2023 World Energy Outlook earlier this month, offering a comprehensive look at how energy is generated today and where energy industries are headed. The report is lengthy and includes a handful of insights, notably including that the agency expects there to be almost ten times as many electric vehicles (EVs) on the road by 2030 with the current path of global policies.
The report looked at inputs for three potential scenarios based on the Global Energy Climate (GEC) model: the Stated Policies Scenario (STEPS), looking at currently in-place policies sector by sector and country by country; the Announced Pledges Scenario (APS), which assumes that government and industry climate commitments are met in full and on time; and the Net-Zero Emissions (NZE) by 2050 Scenario, which looks at a specific emissions trajectory set to keep the temperature increases below 1.5 degrees Celsius.
You can see the IEA’s definitions and objectives for looking at each model scenario below.
Credit: IEA | World Energy Outlook 2023
According to the report’s STEPS scenario, EVs comprise roughly 15 percent of car sales globally and are expected to increase to 40 percent by 2030. In addition to the increase in EVs, the agency expects renewable energy to make up 50 percent of the global electricity mix by 2030, jumping from around 30 percent today.
The agency also says that, for the first time ever, it can see a path to peak demand for coal, oil and natural gas within this decade, and it expects global energy-related carbon dioxide (CO2) emissions to peak by 2025.
Fossil fuel market share is also expected to drop to 73 percent by 2030 after floating at about 80 percent for the past few decades.
The agency is also seeing growth in investments in renewable energy, including the adoption of EVs, solar PV generation, and heat pumps and other electric heating equipment being sold more than fossil fuel boilers on a global scale.
Interestingly, the IEA notes that, for every $1 invested in fossil fuels five years ago, $1 also went to clean energy. In 2023, however, for every $1 invested into fossil fuels, there is $1.80 going toward renewable energy, depicting the continued investment increases in clean energy.
You can see the IEA’s chart on investment flows below, showing a decrease in oil demand and increases to low-emissions power sources.
Credit: IEA | World Energy Outlook 2023
Although the report also shows a continued increase in renewable energy investments, the IEA says that stronger policies are still needed if the world hopes to limit global warming to 1.5 degrees Celsius. At the current rate, the IEA says global emissions are high enough to push global average temperatures upward by roughly 2.4 degrees Celsius within this century.
In response to a post with the investment flow chart on X, Tesla Senior Vice President of Powertrain and Energy Drew Baglino also weighed in, emphasizing that there is still more to be done to help transition the world to renewables.
Super interesting charts. Great to see investment shifting to sustainble energy, but we need to do more to accelerate.
— Drew Baglino (@baglino) October 30, 2023
The report touches on several other renewable energy topics, including current geopolitical conflicts going on in the Middle East that could be poised to threaten the security of world energy systems.
You can watch the full live stream of the World Energy Outlook below,
You can also read the IEA’s full press release on this year’s World Energy Outlook here or watch the agency’s full live stream detailing the report below, complete with a Q&A with the agency’s directors.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
News
SpaceX calls off Starship 10 flight attempt once again
SpaceX is calling off a potential launch of Starship this evening, marking the second consecutive night the tenth test flight of the massive rocket will be delayed.
SpaceX is calling off a potential launch of Starship this evening, marking the second consecutive night the tenth test flight of the massive rocket will be delayed.
Originally planning to launch on Sunday at 6:30 p.m. local time in Starbase, Texas, SpaceX was forced to delay the tenth launch of Starship due to a hardware issue.
“Ground side liquid oxygen leak needs to be fixed. Aiming for another launch attempt tomorrow,” CEO Elon Musk posted on the social media platform X.
Starship Flight 10 rescheduled as SpaceX targets Monday launch
The launch was then pushed to Monday night, and the launch window was set to start at the same time as Sunday. However, SpaceX would push it back to 6:44 p.m. due to some weather issues.
Eventually, Starship seemed like it was trending toward a launch, but weather continued to persist in the area, with thunder, rain, and lightning all threatening in the area.
At around 7:03 p.m., SpaceX decided to stand down once again, confirming weather was the culprit of yet another delay:
Launch called off for tonight due to anvil clouds over launch site (lightning risk)
— Elon Musk (@elonmusk) August 26, 2025
SpaceX will likely try again on Tuesday night, but the company has not yet confirmed if it will open another launch window.
SpaceX is set to launch its tenth test flight of the Starship program, with a launch window that will open at 6:44 p.m. local time, or 7:44 p.m. on the East Coast.
Starship’s tenth test flight was originally scheduled for launch yesterday with a one-hour window that opened at 7:30 p.m. ET, but it was called off 17 minutes before that window even had a chance to open.
Starship Flight 10 rescheduled as SpaceX targets Monday launch
SpaceX moved the flight to tonight. It was also originally scheduled to have a launch window at the same time as Sunday, but it was pushed back 14 minutes to around 6:30 p.m. ET. There are storms in the area, as well as clouds over Starbase, so there is the off chance for another launch delay.
There are several big objectives for this launch, including the expansion of the operating envelope for the Super Heavy booster. SpaceX says there are “multiple landing burn tests planned.”
The booster will also be performing a few in-flight experiments to help with data collection. Specifically, real-world performance data on future flight profiles and off-nominal scenarios will be on the list of things SpaceX will be looking for.
Starship itself will have a few in-flight objectives that include the deployment of eight Starlink simulators that are similar in size to the next-gen satellites for the internet service. SpaceX was set to test this with Starship’s seventh test flight, which occurred in January 2025. However, the task was abandoned as the vehicle was destroyed before deployment could occur.
Liftoff conditions are currently looking favorable, and SpaceX will be eager to improve upon its Starship launch program as CEO Elon Musk has big plans for it in the coming years.
You can watch the launch below via SpaceX:
Watch Starship’s tenth flight test → https://t.co/UIwbeGoo2B https://t.co/MQg9ZAjCip
— SpaceX (@SpaceX) August 25, 2025
Elon Musk
Tesla looks to expand Robotaxi geofence once again with testing in new area
It looks as if Tesla is preparing for its next expansion of the geofence, potentially moving toward a much larger service area that could eclipse 150 square miles.
Tesla looks to be preparing for the potential expansion of the Robotaxi geofence once again, as the company was spotted testing the suite in an area well outside of the Austin service area.
After it first launched the Robotaxi platform on June 22, Tesla has managed to expand its geofence twice, essentially doubling the travel area both times.
The most recent expansion took the size of the geofence from 42 square miles to about 80 square miles, bringing new neighborhoods and regions of the city into the realm of where the driverless vehicles could take passengers.
However, it looks as if Tesla is preparing for its next expansion of the geofence, potentially moving toward a much larger service area that could eclipse 150 square miles.
Over the weekend, one fan noticed a Robotaxi validation vehicle testing in Bee Cave, Texas, which is roughly 25 minutes from the edge of the current geofence:
Tesla spotted doing Robotaxi validation testing in Bee Cave, Texas, about 15 miles west of Austin (20-25 minute drive from current edge of geofence). pic.twitter.com/JCOcoys8SJ
— Sawyer Merritt (@SawyerMerritt) August 23, 2025
Tesla has been testing vehicles in the western suburbs of Austin for some time, and it seems the company is laying some groundwork to push its geofence expansion into Plaid Mode as competition with Waymo continues to be at the forefront of the conversation.
Waymo has been expanding with Tesla for some time, as the pace of expansion for the two companies has been relatively accelerated for the past couple of months.
Tesla’s expansions of the geofence sent a clear message to competitors and doubters, but it is still aiming to keep things safe and not push the envelope too quickly.
The geofence expansion is impressive, but Tesla is also focusing on expanding its vehicle fleet in both Austin and the Bay Area, where it launched a ride-hailing service in July.
Tesla Bay Area autonomous fleet to grow to over 100 units: Elon Musk
Still, safety is the priority at the current time.
“We are being very cautious. We do not want to take any chances, so we are going to go cautiously. But the service areas and the number of vehicles in operation will increase at a hyper-exponential rate,” CEO Elon Musk said during the Q2 Earnings Call.
SpaceX calls off Starship 10 flight attempt once again
WATCH: SpaceX Starship Flight 10 launch
Tesla looks to expand Robotaxi geofence once again with testing in new area
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