05.07.2009
Namely, If governments around the world continue with energy policies in place to date. International Energy Agency says 2050 baseline scenario is for oil demand to rise 70% – equivalent to five times today’s production of Saudi Arabia. IEC’s business as usual baseline scenario, oil demand rises from its present level of 87 mmb/d in 2008 to 135 mmb/d by 2050. Regarding climate change, business as usual is a scenario used for projections of future emissions assuming no action, or no new action, is taken to mitigate the problem.

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