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One in four business leaders have already making use of -or are considering introducing -alternativefuel vehicles to their business operations as oilprices remain stubbornly high.
Renewables increase from 13% of the mix today to 18% in 2035; the growth in renewables is underpinned by subsidies that rise from $64 billion in 2010 to $250 billion in 2035, support that in some cases cannot be taken for granted in an age of increasing fiscal austerity. Oil and the Transport Sector: Reconfirming the End of Cheap Oil.
The United States and the European Union have some of the world’s most aggressive policies for alternativefuel promotion, including volumetric mandates, lifecycle fuel-carbon-intensity requirements, and fuel-taxation schemes. The construction phase is when biofuel companies need financial certainty to attract investors.
FedEx joins Southwest Airlines, which signed a purchase agreement with RedRock in November 2014 for about 3 million gallons per year, in purchasing Red Rock’s total planned available volume of jet fuel. Red Rock’s first refinery, funded in part by a $70-million Title III DPA grant from the U.S. Earlier post.).
Alternativefuels must make economic sense, the researchers stress, for biofuels to make a dent in the petroleum-driven market. We have the environmental incentives to produce fuels and chemicals from renewable resources, but right now, they aren’t enough to compete with low oilprices. Click to enlarge.
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