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Any benefits from investment in alternativefuels by the US Department of Defense will accrue to the nation as a whole rather than to mission-specific needs of the military, the researchers concluded. From the perspective of technical viability, a number of alternativefuels can meet this requirement.
Well-to-Propeller GHG emissions results for marine alternativefuels. DNV GL has released a position paper on the future alternativefuel mix for global shipping. The global merchant fleet currently consumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulfur content.
The model uncovers an important consideration for government agencies as they create regulations to address climate change: To reduce carbon emissions by reducing demand for oil, policymakers must take into account the global oil market’s structure.
Production of commercial quantities of HRJ depends on the availability of appropriate feedstocks at competitive prices. Other key findings from the report include: Alternative-fuel production benefits commercial aviation regardless of its use in aviation. Alternative jet fuels will have a limited impact on fuelprice volatility.
By contrast, subsidies for fossil fuels amounted to $409 billion in 2010. Short-term pressures on oil markets are easing with the economic slowdown and the expected return of Libyan supply. But the average oilprice remains high, approaching $120/barrel (in year-2010 dollars) in 2035. —WEO 2011. Click to enlarge.
Volatility hurts us too, for as we’ve learned the price of oil can rise sharply in a short period of time. This means our economic stability is at stake because of our reliance on oil. In fact, four of the last five recessions were started by an oilprice spike. [ Source: EIA.
While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternativefuel powertrains over the coming few years. While rising oilprices might seem to pose a threat to auto makers, according to the latest [.].
EU climate policy aims to limit the global mean temperature increase from anthropogenic climate change to below 2 °C. 10% (depending on scenario) from NNP values, primarily due to the use of alternativefuels from wood feedstocks. Their paper is published in the ACS journal Environmental Science & Technology.
This is a critical tool to help us break our dependence on fossil fuels. It will protect us from volatile oilprices and provide consumers with cleaner fuels and provide the nation with greater energy security. Tags: Climate Change Fuels Policy. LCFS Complaint.
The underlying assumption is that the world will immediately use whatever oil can be pumped from the ground, and that supply is independent of demand—that is, oil exploration investments bear no relation to the current oilprice or expectations of future demand. Emissions Forecasts FuelsOil'
The DOE-QTR defines six key strategies: increase vehicle efficiency; electrification of the light duty fleet; deploy alternativefuels; increase building and industrial efficiency; modernize the electrical grid; and deploy clean electricity. Vehicle efficiency has the greatest short- to mid-term impact on oil consumption.
Encouraging bio-manufacturing and its associated value chain development, and building upon its current expertise in producing conventional parts for automakers, may position the Great Lakes region at a global competitive advantage as oilprices climb, and the demand for more bio-based parts increases.
Our history with alternativefuels has been truly awful.” Given high initial costs, volatile oilprices, improving competition, an industry in poor financial shape and consumers who aren’t perfectly rational.who actually are quite risk averse.advanced technology may be a hard sell. Tax the fuel.” Steven Plotkin.
But the stronger governmental and consumer push for passenger vehicle fuel economy gains driven by energy security concerns and climate change initiatives have also led to reduced demand for oil in the OECD. Peak demand will dampen the rate of increase in dependency on oil imports.
Generally, any alternative energy form that can help reduce carbon dioxide (CO2) emissions and limit our reliance on fossil fuels is well-received. Aren’t biofuels climate friendly? They offer the prospect of increased market competition and oilprice moderation and can help reduce the dependency on fossil fuels.
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