Oil demand is expected to grow in the next five years, contrary to the goals in the Paris climate agreement. Global oil demand is expected to grow steadily over the next five years and quickly surge past pre-pandemic levels, a path that could put climate goals out of reach, according to the International Energy Agency. In a report released Wednesday, the agency said that while the pandemic will have lasting effects on the world’s oil consumption, governments have to act immediately to set the global energy system on a more sustainable path. Oil demand needs to fall by about 3 million barrels per day below 2019 levels by the middle of the decade to meet the goals of the Paris climate agreement, the report said. But on the current trajectory, consumption is instead set to increase by 3.5 million barrels per day. “Achieving an […]