Norway’s Statoil in a report calls for more policy, industry and consumer action to reduce greenhouse gas emissions and reach the goals of the Paris climate agreement, but at the same time adds that more oil and gas exploration will be needed to meet global energy demand in 2015.
The state-owned oil and gas giant in its “Energy Perspectives 2018 – long-term macro and market outlook” says the 2-degree Celsius target set in Paris requires substantial improvements in energy efficiency and a rapid change in the global energy mix.
