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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. This is facilitated by today’s low oil prices. This equates to 0.5-2 —Keywan Riahi, study co-author and IIASA Energy Program director.

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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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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. In the IEO2009 reference case, world oil prices rise to $110 per barrel in 2015 (in real 2007 dollars) and $130 per barrel in 2030.

2006 150
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Annual increases in CO2 slows down

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With oil prices surging in the summer of 2008, the annual increase in global emissions of carbon dioxide (CO2) from oil, coal, gas and cement production appear to have halved according to preliminary estimates by the Netherlands Environmental Assessment Agency. per cent in 2007. per cent in 2007.

CO2 39
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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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EIA forecasts that regular-grade motor gasoline retail prices will average $2.92 The forecast has the annual average regular grade retail gasoline price increasing from $2.35 in 2011, primarily because of projected rising crude oil prices. in 2011, primarily because of projected rising crude oil prices.

2008 186
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Are biofuels the answer for green cars? The Green Piece

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Generally, any alternative energy form that can help reduce carbon dioxide (CO2) emissions and limit our reliance on fossil fuels is well-received. Known as the ‘food versus fuel’ debate, some experts believe that placing energy markets in competition with food markets for arable land will result in higher food prices.

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US Energy-Related Carbon Dioxide Emissions Declined by 2.8% in 2008; Transportation-Related Emissions Down 5.2%

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in 2008 to 5,802 million metric tons of carbon dioxide (MMTCO 2 ), down from 5,967 MMTCO 2 in 2007, according to preliminary estimates released by the Energy Information Administration (EIA). Since 1990, transportation sector CO2 emissions have risen by 21.1%—an Click to enlarge. Motor gasoline accounts for 58.7%

2008 150