Group 1 - Wood Mackenzie warns that global oil demand will continue to rise at least until 2032, indicating a deviation from the goals of the Paris Agreement [1] - The primary drivers of oil demand are transportation and petrochemical needs, with fossil fuels still accounting for about 80% of global primary energy demand [1] - Despite significant investments in energy transition, the report highlights the challenges of achieving net-zero emissions, as fossil fuels remain widely available and cost-competitive [1] Group 2 - The report contradicts claims that renewable energy costs have fallen below fossil fuels and that electric vehicles are cheaper over their lifecycle than gasoline vehicles [1] - The increase in coal demand, which reached a historical high last year and may break records again this year, underscores the difficulties in transitioning to renewable energy [1] - The EU's aggressive energy transition efforts have led to rising electricity prices and decreased supply stability, while China has successfully combined wind, solar, and coal to ensure reliable power supply [2]