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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Why EVs Aren't a Climate Change Panacea

Cars That Think

“Electric cars will not save the climate. In states (or countries ) with a high proportion of coal-generated electricity, the miles needed to break-even climb more. Behavioral change is hard How willing are people to break their car dependency and other energy-related behaviors to address climate change?

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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Preparing the US for the impacts of climate change. Earlier post.).

Obama 249
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Study finds shifts to renewable energy can drive up energy poverty

Green Car Congress

Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee. 2019.05.024.

Renewable 292
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EEA: increase in EU GHG emissions, mostly due to transport, hampers progress towards 2030 targets

Green Car Congress

The “Trends and Projections in Europe” package includes an assessment of progress towards the EU’s climate targets, preliminary EU greenhouse gas emissions estimates for 2017, a specific analysis of trends and projections in the EU Emissions Trading System (ETS) and briefing summarizing the recent GHG trends and projections in Europe.

Emissions 257
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).

MIT 240
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Obama sets goal of reducing US oil imports by 1/3 by 2025; domestic and Western Hemisphere production, natural gas, biofuels, electric vehicles, fleet purchases

Green Car Congress

Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

Obama 268