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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. Saudi Arabia and Kuwait might, and should be encouraged to do so.

Carbon 207
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Europe moves forward on the Energy Union; transport key element

Green Car Congress

Today, we launch the most ambitious European energy project since the Coal and Steel Community. 94% percent of transport relies on oil products, of which 90% is imported. It has also been estimated that every additional 1% increase in energy savings cuts gas imports by 2.6%. 75% of EU housing stock is energy inefficient.