South Korea’s Yonhap News Agency quoted the Director-General of the International Energy Agency (IEA) as saying on July 16 that if countries around the world continue to implement low-carbon growth policies, global oil demand will peak in the next 25 years.
Tanaka Shinano made the above speech at the 2010 Energy Technology Prospects held in Seoul, South Korea. He said that innovative approaches aimed at reducing energy use and reducing CO2 emissions are making progress and will require countries to invest in time to improve energy efficiency.
Tanaka said that if such measures are taken, then global oil demand will tend to stabilize between 2030 and 2035, which will mean that pressure on oil prices will decrease and many countries will reduce their dependence on imports.
He pointed out that according to the IEA's recent "blue plan" plan, by 2025, shifting to a low-carbon economy will reduce global demand for oil, natural gas and coal.
Tanaka Shinano made the above speech at the 2010 Energy Technology Prospects held in Seoul, South Korea. He said that innovative approaches aimed at reducing energy use and reducing CO2 emissions are making progress and will require countries to invest in time to improve energy efficiency.
Tanaka said that if such measures are taken, then global oil demand will tend to stabilize between 2030 and 2035, which will mean that pressure on oil prices will decrease and many countries will reduce their dependence on imports.
He pointed out that according to the IEA's recent "blue plan" plan, by 2025, shifting to a low-carbon economy will reduce global demand for oil, natural gas and coal.
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