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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. Who said no good has come from the global financial crisis?

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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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Since 1990, transportation sector CO2 emissions have risen by 21.1%—an Since 1990, transportation sector CO2 emissions have risen by 21.1%—an Factors that influenced the overall emissions decrease included record-high oil prices and a decline in economic activity in the second half of the year. Source: EIA.

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