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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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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

Oil 247
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Stanford launches major new natural gas research initiative

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Compared with burning coal, natural gas emits about half the carbon dioxide and substantially less soot, mercury and sulfur. Idle natural gas import terminals are being retooled to export liquefied natural gas to Asia and Europe, which is looking to lessen its dependence on Russia for natural gas. —Mark Zoback.

Gas 150
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PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

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—Jonathan Grant, director, sustainability and climate change, PwC. Examining the role of shale gas, PwC’s report suggests that at current rates of consumption, replacing 10% of global oil and coal consumption with gas could deliver emissions savings of around 3% a year (1gt CO 2 e per annum). —PwC report.

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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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2 ] Rasmussen’s “one agreement, two steps” plan was quickly endorsed by US President Obama, as well as Australia’s Prime Minister Rudd and Russia’s President Medvedev, all of whom were present at the APEC summit. It is estimated that Russia’s 2007 greenhouse gas emissions were a full 34% below 1990 levels.

Climate 236