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Many a motorist will grumble today as they get to the pumps and notice a jump in the fuelprices, following the two pence per litre increase in fuel duty, however environmental pressure group, Friends of the Earth (FoE) think the increase is necessary to coax us out of our cars.
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 oilprices.
They assessed purchaser technology choice for new vehicles on a cost-effectiveness basis using net present value (NPV) as a decision criterion, with parameters chosen to take account of factors such as consumer myopia with regard to fuel cost savings. Carbon accounting practices have a strong impact on total emissions.
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