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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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In addition to high oil prices 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. Global CO2 emissions increased from 15.3 Source: PBL. Click to enlarge.

2008 170
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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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Renewable energy and nuclear power are the world’s fastest-growing energy sources, each increasing 2.5% With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013.

2010 317
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EIA Estimates 2.1% Growth in Fossil Fuel CO2 Emissions in US in 2010; Still Below 1999-2008 Levels

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This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. EIA has revised its assessment for Asia upwards and Europe downwards for 2010 in response to preliminary first-quarter data for those regions.

2008 186
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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend

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Low-carbon energy sources (renewables and nuclear) meet around 40% of the growth in primary energy demand. Nearly half of the net increase in electricity generation comes from renewables. However, this does not imply a new era of oil abundance, the report cautions. China Forecasts India Oil Other Asia' —WEO-2013.

Oil 275
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Iveco step up production of biomethane-powered vehicle

Green Cars News

The LBM powered Daily emitted just 2,771 kg of CO2 over this period, compared with 7,295 kg for the equivalent diesel model. Commenting on the results, Martin Flach, Product Director at Iveco says: “The trial demonstrated a 62 per cent saving in CO2 over diesel and highlighted the suitability of LBM as a high quality fuel.

Power 36
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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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.

Oil 247
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Can Electric Vehicles Speed Up As The Economy Slows Down?

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Outside of Europe, the US and China have experienced a sharp decrease in overall car sales as well. Moreover, with the massive drop in oil prices , gas-powered vehicles are more economical to operate, which makes it harder to argue that EVs will help drivers save money on fuel.

Economy 52