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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

Two new reports—one on technology, the other on policy— released by the International Energy Agency (IEA) outline pathways to improve the fuel efficiency of combustion-engined road vehicles by 50% by the middle of the century, saving as much as four-fifths of current annual global oil consumption.

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Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

They estimated the number of new vehicles required and the adoption of new technologies and fuels based on their availability and cost effectiveness under projected scenario variables such as fuel price. This option is assumed to make available all technologies with “substantial” (EU-wide) R&D requirements.

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

A proposal for existing plants is due in 2014, with targeted file rule in 2015. In the coming weeks, DOE will issue a draft of a solicitation that would make up to $8 billion in (self-pay) loan guarantee authority available for a wide array of advanced fossil energy projects under its Section 1703 loan guarantee program. Nuclear Power.

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California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.

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