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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

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A new study by the French institute Enerdata, commissioned by the European Federation for Transport & Environment (T&E), suggests that the European CO 2 standards for new vehicles due to come into effect in 2012 will lead not only to a European savings on oil (mainly via lower oil import volumes) but also to slightly lower global oil prices.

Oil 150
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Annual Increase in Global CO2 Emissions Halved in 2008; Decrease in Fossil Oil Consumption, Increase in Renewables Share

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In addition to high oil prices and the financial crisis, the increased use of new renewable energy sources, such as biofuels for road transport and wind energy for electricity generation, had a noticeable and mitigating impact on CO 2 emissions. Global CO2 emissions increased from 15.3 Source: PBL. Click to enlarge.

2008 170
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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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Coal accounted for 45% of total energy-related CO 2 emissions in 2011, followed by oil (35%) and natural gas (20%). However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011. Global CO 2 emissions from fossil-fuel combustion reached a record high of 31.6

2011 230
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BP Energy Outlook 2030 sees emerging economies leading energy growth to 2030; global CO2 emissions from energy well above IEA 450 scenario

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Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Oil, excluding bio-fuels, will grow relatively slowly at 0.6%

Energy 210
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Study suggests that decarbonizing US transport sector by converting waste CO2 to fuels would require economical air-capture of CO2

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pre- and post- decarbonization of the electric power sector—to which he referred as pre-CCS and post-CCS, respectively (although decarbonization was not necessarily via CCS—carbon capture and storage).) 90%) or to “repower” using lower carbon feedstocks or generation technologies (e.g. their CO 2 (e.g. ~90%)

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US EIA Projects World Energy Use to Grow 44% Between 2006 and 2030, CO2 Emissions Up by 39%

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Projected growth in world carbon dioxide emissions. World carbon dioxide emissions are projected to rise from 29.0 World oil prices have fallen sharply from their July 2008 high mark. As the world’s economies recover, higher world oil prices are assumed to return and to persist through 2030. Source: IEO2009.

2006 150
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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2

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Even with CCS, the liquid product costs are comparable to recent crude oil prices. For a liquids-only configuration, CCS is a cheaper option when the CO 2 price exceeds $12/tonne. Plant-level CO 2 emissions can be greatly reduced by using the CCS technology, the study found, without much increase in capital cost.

Coal 231