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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.

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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 2008, compared to 3.3 per cent in 2007.

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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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This is the largest annual decline in energy-related carbon dioxide emissions since EIA began annual reporting on greenhouse gas emissions. Since 1990, transportation sector CO2 emissions have risen by 21.1%—an Energy-related carbon dioxide emissions account for more than 80% of US greenhouse gas emissions. since 1990.

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