The report from the Paris-based agency will come as grim news for officials attending global climate talks in Bonn, Germany, as they grapple with ways to contain carbon emissions. Scientists just this week said that emissions of the heat-trapping gas rose this year after three years of not growing. Oil demand is forecast to keep rising until 2040, with natural gas growing by a sharp 40%. "It is far too early to write the obituary of oil, as growth for trucks, petrochemicals, shipping and aviation keep pushing demand higher," said Birol. Total energy demand is expected to have grown by 30% by 2040 - and would be growing twice that without efforts to improve energy efficiencies.

Source: Bangkok Post November 14, 2017 18:56 UTC