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Despite relatively aggressive government policies aimed at reducing oil demand, such as within green stimuluspackages enacted in several countries during the pandemic, global oil demand may not peak before 2030. The combination of alternative vehicles and fuels as well as efficiency improvements tend to offset the increases in VMT.
The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climatechange.
“The idea is for electric cars to take advantage of “off-peak&# hours of low energy demand late at night, when the lights are out and TVs are off, but power plants are still producing, explained Ed Kjaer, director of electric transportation at Edison.&#. Photo by Eric Tom). Edison’s answer: new meters.
The mean cost of cost of climatechange for the four countries—Indonesia, Philippines, Thailand, and Viet Nam—under a “business-as-usual” scenario and if market and non-market impacts and catastrophic risks are all considered could be equivalent to losing 6.7%
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