Remove Italy Remove Oil Prices Remove Powered Remove Price
article thumbnail

Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

Green Car Congress

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%

Oil 305
article thumbnail

Iveco step up production of biomethane-powered vehicle

Green Cars News

Commercial vehicle manufacturer Iveco is gearing-up production of its right-hand drive natural gas powered Daily following the success of a six month trial which saw the vehicle used for recycling and street cleansing operations on behalf of Camden Council. litres/100km.

Powered 36
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 Wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1% Oil and renewables do not directly compete for power investment dollars. billion), India ($7.4

2014 150
article thumbnail

Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

In certain European countries, such as Italy or the UK , passenger vehicle sales even dropped as much as 95-97%. 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