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OverviewAPI
Fuel consumption in Europe is expected to decline 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. Fitch Ratings warns that much of the fossil fuel industry may face credit downgrades due to climate risk. The International Energy Agency proposes a global strategy to limit global warming to 1.5°C, including tripling global renewable capacity and implementing innovative financing mechanisms.

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