Growing demand for oil will lead to a shortage and high prices in 2020s Energy demand in India is set to double Milind Ketkar We need to slash greenhouse emissions to limit global warming, the UN warned in October. But the International Energy Agency sees a very different future in its latest report, the World Energy Outlook 2018. Growing energy demand in developing countries will lead to a continued rise in global carbon dioxide emissions. This is even in a “New Policies” scenario in which countries do more than they are doing now to limit emissions, according to the report, which looks at the period up until 2040. “The New Policies Scenario puts energy-related CO2 emissions on a slow upward trend to 2040, a trajectory far out of step with what scientific knowledge says […]