Emissions to hit a peak by 2025, demand for fossil fuel to reduce: IEA

British oil giant Shell on Thursday reported $9.45 billion as profit in the third quarter: down nearly $2 billion from the previous quarter but still the company’s second-highest number as a report said that the "energy world is shifting dramatically".

Global greenhouse emissions will peak in 2025 as the world goes through a "profound reorientation" in terms of energy use, said the 'World Energy Outlook 2022' report released by the Paris-based International Energy Agency (IEA).

Efforts to shift to cleaner energy alternatives have accelerated due to the energy crisis stemming from the war in Ukraine. "Energy markets and policies have