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

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The model uncovers an important consideration for government agencies as they create regulations to address climate change: To reduce carbon emissions by reducing demand for oil, policymakers must take into account the global oil market’s structure. 2021) “Carbon implications of marginal oils from market-derived demand shocks.”

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

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billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. billion set in 2011. Investment in developing countries, at $131.3

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Can Electric Vehicles Speed Up As The Economy Slows Down?

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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. appeared first on EVOLVE.

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