The International Energy Agency for the first time predicts a decline in global oil demand (and in any of the scenarios)

Posted:

October 13, 2021 09:32 GMT

The World Energy Outlook 2021 looks at three possible turn of events in each of which there will be a greater or lesser decline in demand for crude oil.

The International Energy Agency (IEA) predicts for the first time a decline in global oil demand, reveals Report The annual 2021 World Energy Outlook was published on Monday. Doc thinks Three possible scenarios, But the demand for crude oil will fall either way.

The first alternative, called the Declared Policy Scenario (STEPS), takes into account current climate strategies, including those that have not yet been adopted. In this case, the demand for fossil fuels will slow to plateau in the 2030s And then it will go down a bit by 2050.

Next, the Declared Commitments Scenario (APS) assumes that all countries meet their assumed climate commitments. In this context, the demand for oil It will reach its climax at the end of this decade Then it will start to fall

The third alternative is the 2050 Net Emissions Scenario (NZE), which means zero CO2 emissions for that year and involves a larger decrease in oil demand. Based on this scenario, The maximum order has already been exceeded And by 2030 it will be down to just over 70 million barrels per day.