Globe crude demand will have to decline by 40 per cent over the next 25 years if the world is going to succeed in keeping average temperatures from increasing by more than two degrees C above preindustrial levels, the International Energy Agency said in a report released Monday.
The Paris-based IEA and the International Renewable Energy Agency (IRENA) prepared the report for the German government in advance of the Group of 20 meeting to be held in Hamburg in July.
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