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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. Many countries, cities, companies, and individuals have made pledges to reduce emissions, and it is stark reminder that despite all this rhetoric, global fossil CO 2 emissions are more than 5% higher than in 2015, the year of the Paris Agreement.

Global 221
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ITF: measures to decrease road freight CO2 emissions

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Furthermore, road freight activity is set to more than double from 2015 to 2050. Trucks represent the fastest growing source of global oil demand. They account for 40% of the expected increase in oil demand to 2050 and 15% of the increase in global CO 2 emissions.

Emissions 255
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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge.

Oil 247
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CARB releases summary of results of first CO2 cap-and trade auction; CPUC proposes how to use the revenues

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Of 39,450,000 allowances for the Advance Auction (2015 Vintage), 5,576,000 were sold with a settlement price of $10 (same reserve price). That means new jobs, cleaner water and air—and a working model for other states, and the nation, to use as we gear up to fight climate change and make our economy more competitive and resilient.

CO2 244
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. The fuel mix changes over time, reflecting long asset lifetimes.

Energy 210
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EC proposes 95 grams CO2/km target for new cars by 2020, 147 grams for light vans; super credits for cars below 35g

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grams in 2011 and a mandatory target of 130 grams in 2015. The proposals would amend two existing regulations establishing binding requirements for manufacturers to meet the 2015 mandatory target for cars and the 2017 target for vans. Emissions from vans will be reduced to 147g CO 2 /km in 2020 from 181.4

2020 268