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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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According to a separate report from SAFE, a Washington-based think tank, the oil industry has cut somewhere around $225 billion in capex in 2015 and 2016, which will lead to global supplies 4 million barrels per day lower in 2018-2020, compared to what market analysts expected as of 2014. Of course, these figures are not inevitable.

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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To meet the climate goals set in the Paris Agreement and keep the global temperature rise to below 2 degrees, the CO 2 emission intensity of the global economy would need to be reduced by 85% in 35 years. In the 66% 2°C Scenario, aggressive efficiency measures would be needed to lower the energy intensity of the global economy by 2.5%

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Closer to home, the federal fuel economy standards require the average fleet fuel economy of OEMs that sell vehicles in the USA to be 35.5 mpg by 2016. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon. Power plant capital costs.

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Pike Research forecasts worldwide grid energy storage spending to reach $22B by 2021, down from 2010 forecast of $35B

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“Contributing to the short-term over-capacity issue is that manufacturers rushed to build out capacity ahead of demand to (a) capture stimulus funding and (b) try to drive scale to reduce cost. Economies of scale for such components will rely on the number of installations, not the size of the project.

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NYC Goes EV

Revenge of the Electric Car

Last week, the Obama administration announced new fuel economy standards for automobiles that provides some incentives for electric cars. billion in stimulus grants to the industry. The policy, intended to reduce greenhouse gas emissions and oil consumption, is geared to a nation where most people rely on cars for transportation.

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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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But, if any state can achieve this level of reductions while supporting a healthy economy, it’s California. This level is still below the state’s first climate milestone (2020’s AB 32 goal, met four years early in 2016) of reducing to 431 MMTCO 2 e below 1990 levels. Private sector investment can also drive green stimulus.

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J.D. Power, LMC: new vehicle sales in US slide again, 6th time this year

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Elements in the forecast inlude: The seasonally adjusted annualized rate (SAAR) for retail sales in November 2016 is projected to reach 13.9 million units in October 2016, down from 18.0 The model-year transition remains slower in 2016 than it was a year ago, with 50% of retail sales thus far in November being 2017 model-year vehicles.

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