Following on from last month’s release of the IEA Net Zero (NZE) 2050 report, the publishing of its World Energy Outlook (WEO) 2023 provides a glimpse into when oil demand may peak based on the Stated Policy Scenario (STEPS) framework, which is based on the current trajectory of global decarbonisation policy and is less pessimistic in its demand outlook.
However, it is important to note that it is just one of three alternative forecast scenarios and contrasts with...
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