Remove Carbon Remove Market Remove Oil Prices Remove Price
article thumbnail

Study finds carbon emissions benefits of reduction in oil demand depend on size of drop and global oil market structure

Green Car Congress

New research led by Mohammad Masnadi, assistant professor of chemical and petroleum engineering at the University of Pittsburgh Swanson School of Engineering, offers a closer look at the relationship between decreasing demand for oil and a resilient, varied oil market—and the carbon footprint associated with both.

Oil 305
article thumbnail

BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

Green Car Congress

The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

article thumbnail

Rhodium Group estimates US GHG emissions rose 1.3% in 2022

Green Car Congress

The year 2022 was marked by the emergence of longer-term economic repercussions of the COVID-19 pandemic and an unexpected war in Eastern Europe that caused turmoil in energy markets. This reversal in 2022 was largely due to the substitution of coal with natural gas—a less carbon-intensive fuel—and a rise in renewable energy generation.

Emissions 273
article thumbnail

bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

Green Car Congress

The Review captures the significant impact the global pandemic had on energy markets and how it may shape future global energy trends. Carbon emissions from energy use fell by more than 6% in 2020, the largest decline since 1945. This fall was driven mainly by oil, which accounted for almost three quarters of the net decline.

2020 397
article thumbnail

Navigant Research: plug-in electric vehicles close to becoming leading alternative fuel platform, best positioned to lead future

Green Car Congress

In 2019, multiple deployments of long-range battery EVs (BEVs) in crossover classes, as well as Tesla reaching full-scale production on the Model 3 and expanding its vehicle shipments to markets abroad, are setting the stage for continued market growth, Navigant says. Though PEV market growth has been considerable, challenges remain.

article thumbnail

CSIRO and partners to test Direct Injection Carbon Engine to reduce brown coal emissions by up to 50%

Green Car Congress

DICE involves converting coal or biomass into a water-based slurry (called micronised refined carbon, MRC) that is directly injected into a large, specially adapted diesel engine. The process has very high conversion efficiency >97% (LCA); he fuel choice determines the carbon footprint. —CSIRO Energy Group Executive, Dr.

Coal 257
article thumbnail

EIA projects increases in global energy consumption and emissions through 2050

Green Car Congress

If current policy and technology trends continue, global energy consumption and energy-related carbon dioxide emissions will increase through 2050 as a result of population and economic growth. The four side cases show the effects of changing key model assumptions about economic growth and world oil price.

Global 259