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Report: Rapid Transport Decarbonization Means We’ve Probably Passed Peak Oil

November 20, 2020

The global peak in oil consumption may already be past us, according to a new report from Carbon Tracker — and the rapid transition to low-carbon transport in China and India is the reason why.

The report released Friday underscores the role that transportation in emerging economies will play in future oil demand and how quickly falling battery costs and increasingly aggressive decarbonization policies are accelerating the shift from fossil-fueled to electric vehicles.

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