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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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Developing standards for EV charging reliability

Charged EVs

Currently, there is no industry-wide standard to categorize, log, report or analyze charging errors and common causes of failure. The industry badly needs technical standards to enable charging providers to document, diagnose and repair charging problems in a uniform way. Frank Menchaca: Yeah, we do.

Standards 124
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IEA: improving efficiency of road-freight transport critical to reduce oil-demand growth; three areas of focus

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Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment.

Oil 150
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Canada targets cutting GHGs 30% below 2005 levels by 2030; new regulations for oil and gas, power, petrochemicals

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Canada Environment Minister Leona Aglukkaq announced that Canada plans to reduce its greenhouse gas (GHG) emissions by 30% below 2005 levels by 2030. The new regulations include: Regulations aligned with recently proposed actions in the United States to reduce GHG methane from the oil-and-gas sector.

2005 150
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Tsinghua University provincial-level lifecycle study finds fuel-cycle criteria pollutants of EVs in China could be up to 5x those of natural gas vehicles due to China’s coal-dominant power mix

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In regions where the share of coal-based electricity is relatively low, EVs can achieve substantial GHG reduction, the team reports in a paper in the ACS journal Environmental Science & Technology. According to the 12 th Five-Year Plan of the China Coal Industry (2011?2015)

Coal 231
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BP Energy Outlook: 30% growth in global demand to 2035; fuel demand continues to rise, even with EVs & fuel efficiency

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While non-fossil fuels are expected to account for half of the growth in energy supplies over the next 20 years, the Outlook projects that oil and gas, together with coal, will remain the main source of energy powering the world economy, accounting for more than 75% of total energy supply in 2035, compared with 86% in 2015.

Global 150
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Study from Thuringia shows 50% of harmful soot comes from local sources, 50% from long-distance transport

Green Car Congress

Soot particles from oil and wood heating systems as well as road traffic can pollute the air in Europe on a much larger scale than previously assumed. The main sources were combustion emissions, probably from wood and coal-fired heating systems. Aerosol particles in the atmosphere affect global climate, human health and ecosystems.