- Global oil demand to shrink by 75% under net-zero scenario
- IEA still expects oil demand to recover from pandemic hit
- OPEC market share would jump, revenues slide under net-zero shift
The International Energy Agency has said the world needs no new oil and gas developments and global oil demand would collapse by 75% under an energy scenario needed to put the world on a path to net-zero emissions by 2050, reports Platts.
Net Zero by 2050Climate pledges by governments to date – even if fully...
https://mfame.guru/iea-report-says-no-new-fossil-projects-to-reach-zero-emissions-target/