Blue and Green: McKinsey Energy Insights, a network of McKinsey & Company, has published figures that show the demand for oil is likely to peak in 2030 and then decline until 2050. Low Carbon, a renewable energy investment fund, has responded, urging the UK to make a more positive investment in renewable energy technologies. Low Carbon say renewables are an attractive alternative to fossil fuels.
Louise Ward, Director of Investor Relations at Low Carbon, said: These predictions reinforce the fact that the...