The world has already passed “peak oil” demand, according to Carbon Brief analysis of the latest energy outlook from oil major BP. The 2020 edition of the annual outlook reveals – albeit indirectly – that global oil demand will not regain the levels seen last year. It adds that demand could soon fall rapidly in the face of stronger climate action – by at least 10% this decade and by as much as 50% over the next 20 years. The latest outlook was delayed by six months so that it could reflect the unprecedented impact of the coronavirus pandemic. The delay also reflects BP’s plans , set out over the course of this year, to reach net-zero emissions by 2050 – as an “ integrated energy company ”, rather than an oil major. This means that alongside its conservative “business-as-usual” scenario – in which demand for gas continues to […]