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1 in 5 new car sales globally were EVs in 2023, and that’s curbed oil demand – IEA

Baua Electric

An exceptional shortfall in hydropower due to extreme droughts in the US, China, and several other economies resulted in over 40% of the rise in emissions in 2023 as countries turned largely to fossil fuels to plug the gap. Advanced economies saw a record fall in their emissions in 2023 even as their GDP grew. billion tonnes.

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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025. Birol said that “success will hinge” on scaling up financing for emerging and developing economies. Get started here. –ad* ad* FTC: We use income earning auto affiliate links.

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California ARB: GHG emissions fell below 1990 levels for first time in 2016; down 13% from 2004 peak; transportation emissions up 2%

Green Car Congress

Highlights from the newly published inventory include: Greenhouse gas emissions dropped 13% statewide since a 2004 peak while the economy grew 26%. They fell 23% from a peak of 14 metric tons per person (roughly equal to driving 34,000 miles) in 2001 to 10.8 metric tons per person in 2016 (roughly equal to driving 26,000 miles).

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EIA projects decline in transportation sector energy consumption through 2037 despite increase in VMT, followed by increase

Green Car Congress

For the Transportation sector, EIA projects that energy consumption will decline between 2019 and 2037 (in the Reference case) because increases in fuel economy more than offset growth in vehicle miles traveled (VMT). Freight rail ton-miles grow by 20% during the same period, led primarily by rising industrial output.

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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83 Although personal mobility demands continue to increase, higher efficiency and more electric vehicles lead to a peak and decline in light-duty vehicle energy demand.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. Personal air travel (billion seat-miles) grows by an average of 0.7% Industrial shipments are expected to grow at 3.0% per year, from 21.5

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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