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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. A sharp rise in oil prices would spur new investment and new drilling.

Oil 150
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Study Finds Global CO2 Emissions Dropped 1.3% in 2009; Emissions in China and India Rose 9% and 6%

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The decrease in emissions follow the decrease in the global economy. While emissions from oil and gas have decreased, emissions from coal have remained stable; the share of coal as a fuel has increased. This is not unexpected ”, said Gunnar Myhre, senior research fellow at CICERO and one of the scientists behind the article.

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Worldwatch Institute report finds global energy intensity increased in 2010 for second year in a row

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Particularly during the surge of what was called the “knowledge-based economy” from 1991 to 2000, global economic productivity increased without parallel increases in energy use. But after the second half of 2008, when international oil prices dropped 75%, global energy intensity started rising.

2010 246
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Can Electric Vehicles Speed Up As The Economy Slows Down?

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In order to envision what may lie ahead, it’s key to understand how the EV industry was evolving up until the novel Coronavirus outbreak. The ongoing COVID-19 pandemic has slowed down the world as we know it and the automotive industry is no exception. EVs were experiencing rapid growth before the COVID-19 outbreak.

Economy 52
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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The China policy response to assist the commercial-vehicle industry has been broad, with a variety of direct and indirect supports announced, locally and nationally. The local industry is already recovering, with commercial vehicle plants re-opened. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191
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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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But, if any state can achieve this level of reductions while supporting a healthy economy, it’s California. from off-road vehicles, which includes airport ground equipment, construction and mining equipment, industrial equipment and oil drilling equipment. Private sector investment can also drive green stimulus.

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. Gt by 2050 to limit warming to no more than two degrees above pre-industrial temperatures. —IRENA Director-General Adnan Z.

Renewable 199