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$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

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The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within the next 25 years, a strikingly bearish conclusion.

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Study finds no alternative to widespread switching of direct fuel uses to electricity to meet 2050 California GHG targets; putting detail in climate wedges

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gasoline in cars) to electricity in order to achieve the GHG reduction target. They conclude that widespread electrification of transportation and other sectors is required, along with decarbonized electricity becoming the dominant form of energy supply. of vehicle miles traveled—including almost all light duty.

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State Department issues Draft Supplemental Environmental Impact Statement on Keystone XL Pipeline: climate change impacts

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The document is a detailed draft technical review of potential environmental impacts associated with the segment of the pipeline in the US, including: impacts from construction, impacts from potential spills, impacts related to climate change, and economic impacts. MMTCO 2 e annually if all pipeline projects were denied.

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Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia

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At home, the kingdom needs oil and natural gas for transportation, industrial production and electricity generation. Each of these sources of domestic demand is increasing, propelled by rising populations, growing incomes and subsidized end-user prices that, despite a recent adjustment, remain among the lowest in the world.

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KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

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KPMG developed 3 nexuses linked by climate change to represent the challenges of sustainable growth. The KPMG research finds that the external environmental costs of 11 key industry sectors jumped 50% from US$566 to US$846 billion in 8 years (2002 to 2010), averaging a doubling of these costs every 14 years. Source: KPMG.

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Volkswagen Group invested €11.5B (US$12.9B) in R&D in 2014; ongoing focus on electromobility and digitalization of vehicles

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According to Winterkorn, the company now employs 46,000 researchers and developers as well as more than 10,000 IT experts, all of whom are working on the mobility of the future such as alternative drive concepts or the digitalization of vehicles and factories. All these technologies serve people, our customers. Earlier post.).

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EIA: world energy consumption to grow 56% 2010-2040, CO2 up 46%; use of liquid fuels in transportation up 38%

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With prices expected to increase in the long term, however, the world oil price in real 2011 dollars reaches $106 per barrel in 2020 and $163 per barrel in 2040, according to IEO2013. In the Reference case, all the growth in liquids use is in the transportation and industrial sectors.

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