Internationalism No. 84, February 2026 Page 14 From the series The world energy battle The UN Climate Conference COP30 fails to put an end to fossil fuels and sheds light on a cracked international order [ Euronews , November 24th]. A snapshot of the global energy economy A detailed analysis of the global energy situation, as shown in the tables, explains why fossil fuels are still necessary for global economic development. The sources for our analysis are World Bank data and the latest reports from the International Energy Agency (IEA): the "World Energy Outlook 2025" and "Electricity 2025" . For the comparison between gross domestic products (GDPs) from 2010-2024, we took as a reference the statistics, in constant 2015 dollars and at current exchange rates, published by the World Bank. We made this choice in order to have consistent data for the period. There are often large discrepancies between different statistics...