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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 These forecasts are informed by the latest IHS Markit global economic forecast updates, which reflect a 3.0% decline in global real GDP in 2020.

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IEA: global carbon dioxide emissions have rebounded strongly

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The Covid-19 crisis in 2020 triggered the largest annual drop in global energy-related carbon dioxide emissions since the Second World War, according to IEA data, but the overall decline of about 6% masks wide variations depending on the region and the time of year. Many economies are now seeing emissions climbing above pre-crisis levels.

Emissions 433
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3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch

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Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy, overall global oil output will fall this year as natural depletion overwhelms all new sources of supply. by Nick Cunningham of Oilprice.com.

Oil 150
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Eaton to Support Project to Develop and Deploy Medium-Duty Plug-in Hybrid Systems; Stimulus Funding to Support Largest Commercial PHEV Demonstration to Date

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Ford Motor Company and Southern California Edison, in the deployment of plug-in hybrid electric commercial vehicles to more than 50 utility and municipal fleets nationwide. The system will provide fuel economy improvement of up to 70% when compared to a standard utility vehicle, with similar reductions in emissions and noise.

Eaton 150
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World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

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A report released by the World Economic Forum during its annual meeting in Davos warns that to have a chance of limiting the average increase in global temperatures to 2°C, a level which an increasing number of experts already considers unsafe, at least US$515 billion per year will need to be invested in clean energy globally between now and 2030.

Green 150
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Volvo to Introduce Proprietary Medium-Duty Engine in 2010

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Volvo will use EGR, SCR and DPF technology in its global heavy duty engine platform. By having a global technology platform in place, the Volvo Group will be able to generate economies of scale in research and development as well as purchasing and production. Click to enlarge. Leif Johansson.

Volvo 150
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Billion vs. $28.3 Billion in 2008).

Financing 150