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In the Douglas-Westwood Monday note , Andy Jenkins from the energy research group’s London office observes that the decline in oilprices may impact deepwater production and in particular a key future enabler: subsea processing (SSP).
A new report from the Council on Foreign Relations (CFR)— The Canadian Oil Sands: Energy Security vs Climate Change — claims that prudent greenhouse gas regulations can limit emissions from Canadian oil sands while still enabling robust development of the energy resource. Levi, CFR’s David M.
With both population and consumption growing worldwide, the capacity of the world’s economy to require less energy for each unit of output has been a rare positive trend for the environment. In addition to technological advances, price developments play a key role in determining overall energy usage, Worldwatch notes.
KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. KPMG International is hosting the event, in cooperation with the UN Global Compact (UNGC), the World Business Council for Sustainable Development (WBCSD) and the United Nations Environment Programme (UNEP). Source: KPMG.
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.
High oilprices, persistent differences in gas and electricity prices between regions and rising energy import bills in many countries focus attention on the relationship between energy and the broader economy. However, this does not imply a new era of oil abundance, the report cautions.
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.
One reason it makes strategic sense to focus on oil sands is that they represent the world’s first major step into extra-heavy unconventional oil. A growing supply of unconventional transportation fuels would tend to moderate oilprices and would drive up emissions on a life cycle basis. Charpentier, A. Bergerson, J.
That’s where government comes in.only the government can help influence [change] by having a price for carbon and technical incentives. ”. Mr. Immelt’s point is that the spike in oilprices to $147/barrel in 2008 is not enough on its own to get automakers to make electric vehicles.
For example, at peak oilprice in 2008, Indonesia was spending 40% of its budget on transport fuel—more than health, education and infrastructure development combined. Earlier post.) ” Some of the main lessons drawn from the report include: Fossil-fuel subsidies absorb serious amounts of money.
A number of factors are pushing Saudi Arabia to raise its crude-oil production capacity, but the wide range of potential outcomes suggests that such an increase is a risky strategy for the kingdom and the global environment, according to a new article by an expert from Rice University’s Baker Institute for Public Policy.
In addition to high oilprices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Tags: Climate Change Emissions. Source: PBL. Click to enlarge. and from 19.5
Thus, high energy prices lead to high food prices, as transport and fertilizers become more expensive. High oilprices increase the appeal of biofuels, and a subsequent increasing demand for corn and grain leads to higher food prices and additional food scarcity. —“Scarcity in a Sea of Plenty?”
With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. Oil companies are scratching their heads trying to figure out how to deal with a collapse in oilprices, now below $50 per barrel.
Because they make driving safer and more comfortable, because they conserve resources and protect the environment, and because they bring together the mobile and the digital worlds. Winterkorn also emphasized that Volkswagen remains committed to its environmental goals, and noted that the present low level of oilprices would not change that.
Another challenge was, at first sight, the impact of the 50%-plus collapse in the oilprice in the second half of last year. Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 billion set in 2011.
According to the analysis, the current anti-trust campaign environment could alter the relationships among consumers, dealer and OEMs. The campaign is expected to have a long-lasting effect on premium parts/vehicle prices in China. —Nigel Griffiths, chief automotive economist, IHS Automotive. The year preliminarily closed with 5.34
more ) M eanwhile, in the United States, the political environment to support plug ins continues to grow. "On Event Summary Oilprices are at record highs. The overwhelming dependence of our cars and trucks on oil strains family budgets, threatens our national security and contributes to global warming.
LNG as fuel eliminates SO x emissions, significantly reduces NO x and particulate matter, and also reduces GHG emissions—although not to the levels that would be required for addressing climate change. They will then be followed by larger ocean-going vessels when bunkering infrastructure becomes available around the world.
However, consumer demand for PEVs is quite uncertain and, barring another global spike in oilprices, may be limited to a minor percentage of new vehicle purchasers (e.g., The potential impacts of PEVs on climate change are of particular concern.
I haven’t heard any discussion of hydrogen since the Bushadministration was getting ready to leave,” said Dan Becker ,director of the Safe Climate Campaign , a group in Washingtonthat works for environmentally “clean” cars. “It Oilprices are going to go up. It looks likehydrogen has lost at this stage.”
But uncertainties remain regarding their commercial viability—namely, how much these fuels will cost and what impact they may have on the environment, particularly in terms of greenhouse gas emissions. Lower world oilprices would yield economic benefits to all fuel users—civilian and military alike.
Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment. Ontological Shock An Open Letter to Fred Krupp Report from GridEcon Conference SGS Climate Change Head on the First Carbon Credit.
Sign Up Login All Posts | About & Contact Us | Get a TEC Badge | Getting Started with The Energy Collective Cutting-edge insight on energy and climate that you wont find anywhere but here. Much as I admire the Obama administration’s energy and environment team, there’s no way that the U.S. China’s commitment to clean energy.
It’s often the key argument for why you’re paying more at the pump — apparently, it’s all about climate change.& And consumers are suffering the consequences as gas prices rise, a development that threatens to undo some of the progress made on the inflation front across the economy. It would be shocking to learn otherwise.
Silent engines, positive impact on the environment, and decreased fuel costs are all reasons for this transition to EVs. Moreover, with the massive drop in oilprices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.
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