Global oil demand is set to grow by 14.0 percent by 2035, pulled by China and emerging economies and the price could reach 120 dollars per barrel, the IEA said in its annual report on Wednesday.
“Without a bold change of policy direction, the world will lock itself into an insecure, inefficient and high-carbon energy system,” the International Energy Agency said.
“Growth, prosperity and rising population will inevitably push up energy needs over the coming decades,” IEA executive directorMaria van der Hoeven said.
“But we cannot continue to rely on insecure and environmentally unsustainable use of energy,” she said.
Read the rest at Raw StoryGlobal oil demand to rise 14% by 2035: IEA
by Agence France-Presse
See also Joe Romm
Krugman: Only Politics Can Delay “an Energy Transformation, Driven by the Rapidly Falling Cost of Solar Power”
at Climate Progress