BP predicts higher oil and gas demand, suggesting world will not hit 2050 net zero target
by Lauren Almeida from on (#709YN)
Conflict in Ukraine and Middle East as well as trade tariffs are making states focus on energy security
BP has raised its forecasts for oil and gas demand, suggesting the global net zero target for 2050 will not be met and highlighting 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.
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