Fuel Consumption Declines in Europe, China Surges, South Africa Estimates Lower Pollution, Saudi Arabia Goes Green, Fossil Fuel Industry Faces Credit Downgrades

Fuel consumption in Europe is expected to decline significantly due to weak economic growth and reduced demand in the manufacturing and transportation sectors. China, on the other hand, is experiencing a surge in demand for diesel-type fuel. South Africa's state power utility estimates a much lower pollution from coal-fired plants than independent reports. Saudi Arabia is pursuing a green initiative to generate half of its electricity with renewables and reduce emissions. Fitch Ratings warns of potential credit downgrades for much of the fossil fuel industry due to climate risk. The IEA proposes stronger measures to limit global warming to 1.5°C.