Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure
Green Car Congress
NOVEMBER 4, 2021
demand) are predicted to displace mostly heavy crudes that have between 25% and 54% higher carbon intensity than the global average, knocking down the overall carbon emissions associated with oil. 2021) “Carbon implications of marginal oils from market-derived demand shocks.” Regardless of the market structure, small shocks (-2.5%
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