BP has is raising its forecasts for oil and gas demand. It is suggesting the global net zero target for 2050 will not highlight a slowdown in the transition to clean energy.
The energy company’s closely watched annual outlook report has estimated that oil use is on track to hit 83m barrels a day in 2050, a rise of 8% compared with its previous estimate of 77m barrels a day.
The current trajectory of the energy transition means natural gas demand could hit 4,806 billion cubic metres a year in 2050, BP said, up 1.6% from its previous estimate of 4,729 billion cubic metres.
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Source: The Guardian
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