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Forecast: Climate-damaging emissions will climb until at least 2040

A global oil forecast shows growing demand for SUVs could negate the environmental benefits of electric vehicle growth
Credit: AP
FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil industry and environmental groups say they expect the Environmental Protection Agency to release a proposed rule over the next few days that will roll back requirements on detecting and plugging methane leaks at oil and gas facilities (AP Photo/Charlie Riedel, File)

PARIS, France — An important global energy forecast says the world's thirst for oil will continue to grow until the 2030s and climate-damaging emissions will keep climbing until at least 2040.

In its annual long-term outlook, the International Energy Agency called Wednesday for "strong leadership" from governments to bring down emissions.

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It forecasts that growing demand for SUVs could negate the environmental benefits of electric vehicle growth. And it says current investment in renewable energy is "insufficient" to meet the needs of growing populations, notably in cities across Asia and Africa.

The IEA forecast global oil demand of 106.4 million barrels a day in 2040, up from 96.9 million last year.

The IEA's World Energy Outlook is increasingly important to governments because of its relevance to climate policy.

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