IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency
Green Car Congress
NOVEMBER 12, 2012
The cost of fossil-fuel subsidies has been driven up by higher oil prices; they remain most prevalent in the Middle East and North Africa, where momentum towards their reform appears to have been lost. Oil demand reaches 99.7 — WEO-2012. mb/d in 2035, up from 87.4 as the number of passenger cars doubles to 1.7
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