Oil is going to remain the most important energy source for years to come. That's according to the organization of oil producing countries, or OPEC. Economies in Asia and Africa are growing and so is their need for oil.
Even the world's largest CO2 emitters are suffering the effects of climate change. So what's stopping countries like Germany, India, Saudi Arabia, the US and China from changing tack and going green?
Unless global greenhouse gas emissions fall by 7.6 per cent each year, the world will fail to meet the 1.5°C temperature goal of the Paris Agreement, a report from the UN Environment Programme warns.
In its IPO prospectus, oil giant Saudi Aramco acknowledged for the first time that oil demand could peak within the next 20 years. But experts suggest mankind will cut its addiction to crude sooner rather than later.
Electricity demand in India is growing exponentially and the government wants to boost renewable energy generation capacity to partly meet the increasing demand. But huge challenges remain. Murali Krishnan reports.
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