Fossil fuels could become cheaper and more abundant, says IEA

International Energy Agency says transition to clean energy means there will be a surplus of oil, gas and coal

Fossil fuels could soon become significantly cheaper and more abundant as governments accelerate the transition to clean energy towards the end of the decade, according to the International Energy Agency.

The world’s energy watchdog has signalled a new energy era in which countries have access to more oil, gas and coal than needed to fuel their economic growth, leading to lower prices for households and businesses.