Remove Economy Remove Gas-Electric Remove Oil Remove Personal
article thumbnail

Government of Québec launches $6.7B 2030 Green Economy Plan; emphasis on transportation electrification

Green Car Congress

The Premier of Québec François Legault, and the Minister of the Environment and the Fight against Climate Change and Minister responsible for the Laval region, Benoit Charette, unveiled the 2030 Green Economy Plan (PEV 2030) and its first 2021-2026 implementation plan, with an envelope of $6.7 billion over five years. A target of 1.5

article thumbnail

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.

Global 52
article thumbnail

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 However, oil will continue to play a leading role in the world’s energy mix, the report finds. l/100 km) now to close to 50 miles per gallon (4.7 l/100 km) in 2040.

Light 170
article thumbnail

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% from 2012 to 2040, compared to 1.2% per year over the same period in AEO2013.

Oil 290
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. While diesel and oil-based power is still uneconomic at $60/barrel, the pressure to switch is reduced.

article thumbnail

Oil sands GHG lifecycle study using operating data finds lower emitting oil sands cases outperform higher emitting conventional crude cases; a call for more sophisticated tools and reporting

Green Car Congress

Well-to-wheel (WTW) greenhouse gas emissions for in situ SAGD and surface mining pathways generated employing GHOST/TIAX/ GHGenius combination and comparison with SAGD, mining and conventional crude oil literature pathways (all results are on a HHV basis). 74% of WTW emissions in our oil sands pathways. Click to enlarge.

Oil-Sands 287
article thumbnail

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

Green Car Congress

EIA’s Annual Energy Outlook 2019 projects continued robust growth in US energy production, emergence of the United States as an energy exporter, and a cleaner S electric power generation mix. Light-duty vehicle energy efficiencies are affected by current federal fuel economy and greenhouse gas emission standards.