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IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

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Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

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Global Carbon Budget 2022: Global fossil CO2 emissions expected to grow 1.0% in 2022

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Global fossil CO 2 emissions are expected to grow 1.0% (with an uncertainty range of 0.1% Growth in oil use, particularly aviation, and coal use are behind most of the increase in 2022. CO 2 emissions from coal use are expected to grow 1.0% [0.2% CO 2 emissions from oil use are expected to grow 2.2% [0.9%

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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Source: IEA. However, in climate-driven scenarios, these positions are reversed well before 2040.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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It means lost jobs and economic opportunities today, as well as lost energy supply that we might well need tomorrow once the economy recovers. Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. —Dr Birol.

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

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However, oil will continue to play a leading role in the world’s energy mix, the report finds. However, since future battery costs and government policies remain uncertain, there is a wide range of perspectives on future electric vehicle growth. per year; oil demand decreases about 0.4% million barrels per day.

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Stanford, UC Santa Cruz study explores ramifications of demand-driven peak to conventional oil

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In contrast to arguments that peak conventional oil production is imminent due to physical resource scarcity, a team from Stanford University and UC Santa Cruz has examined the alternative possibility of reduced oil use due to improved efficiency and oil substitution. 2010, to above 140 $/bbl in constant 2010 dollars).

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MIT and U. Texas report urges combining and scaling up carbon capture and storage with enhanced oil recovery

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A report from MIT and The University of Texas at Austin urges the US to accelerate efforts to pursue carbon capture and storage (CCS) in combination with enhanced oil recovery (EOR), a practice that could increase domestic oil production while significantly curbing emissions of carbon dioxide. CO 2 could be employed.

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