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Low-carbon energy sources not growing quickly enough to keep up with demand – BP energy outlook

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Low-carbon energy sources are not growing sufficiently quickly to keep up with energy demand – but global demand for oil will peak next year. Those are two of the key points in BP's 2024 energy outlook published today – which also forecasts that, while global demand for oil will fall until the middle of the century, it will continue to play a significant role in the global energy system for the next 10-15 years. Spencer Dale, BP's chief economist, said the world was still in a so-called 'energy addition' phase, in which countries were putting on more renewable energy capacity…

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