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IEA: global energy efficiency progress drops to slowest rate since start of decade

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in 2018, driven in large part by the People’s Republic of China, India and the United States, which were responsible for 70% of demand growth. in 2018—the slowest rate since 2010—according to Energy Efficiency 2019 , the IEA’s annual report on energy efficiency. Global primary energy demand rose by 2.3%

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IIASA: removing fossil fuel subsidies will not reduce CO2 emissions as much as hoped

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However, the study found that the growth of CO 2 emissions by 2030 would only be 1-5% lower than if subsidies had been maintained, regardless of whether oil prices are low or high. First, these subsidies generally apply only to oil, gas, and electricity. This is facilitated by today’s low oil prices.

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The $32-Trillion Push To Disrupt The Entire Oil Industry

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And it has become clear that not only oil and gas giants are being targeted, after one of the world’s largest mining and commodity trading companies, Glencore, decided to put a limit on its thermal coal investment. The latter is partly caused by “global warming constraints” and lower oil prices in general.

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2018. High oil and coal production also could contribute to diesel consumption growth, EIA notes. million b/d in 2017 and 9.9 gal last summer.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Natural gas overtakes coal as the largest fuel for US electricity generation. Projected low prices for natural gas make it a very attractive fuel for new generating capacity. Tcf in 2012 to 2.1

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

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This performance, Winterkorn said, “ is no reason for euphoria ” but shows that the Volkswagen group—which comprises nine automotive brands—is staying on course, and shows that its strategy to 2018 is on the right track. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said.

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