What does it take to move global oil demand by 1Mbpd? This 22-page note ranks fifteen themes, based on their costs and possible impacts, to show where risks lie for oil markets, and where opportunities are greatest to drive decarbonization. We still think oil demand plateaus around 105Mbpd mid-late in the 2020s, before declining to 85Mbpd by 2050. But the risks now lie to the upside?
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