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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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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. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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Navigant Research forecasts 58% growth in global biofuels consumption by 2022; biodiesel and drop-in fuels gain market share

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In a new report, “ Biofuels for Transportation Market s”, Navigant Research forecasts that global demand for biofuels in the road transportation sector will grow from representing almost 6% of the liquid fuels market in 2013 to roughly 8% by 2022. Of that 8%, 8% will consist of advanced drop-in fuels, according to the research firm.

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The New Oil Cartel Threatening OPEC

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According to Bloomberg’s Carl Pope , Europe and Japan, previously reluctant to take part in any anti-OPEC projects, may now join in. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. India, China, and Europe are all very big on EV adoption.

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FCA, IVECO and Snam sign MoU for development of natural gas as an environmentally friendly vehicle fuel

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Alfredo Altavilla (Chief Operating Officer of FCA EMEA Region), Pierre Lahutte (IVECO Brand President) and Marco Alverà (Chief Executive Officer of Snam), signed a Memorandum of Understanding (MoU) aimed at fostering the development of natural gas as a fuel for road vehicles. billion (US$1.9 billion) and employs 20,000 people.

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The New Oil Cartel Threatening OPEC

Green Car Congress

According to Bloomberg’s Carl Pope , Europe and Japan, previously reluctant to take part in any anti-OPEC projects, may now join in. The reason they are likely to join in is that unlike in previous oil price cycles, now there are alternatives to fossil fuels. India, China, and Europe are all very big on EV adoption.

Oil 150
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Navigant forecasts global annual natural gas vehicle sales to reach 3.9M in 2025, up 62.5% from 2015

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Due to the incremental costs of NGVs, limited fueling infrastructure, reduced utility, and progress on competitive electrification technology, Navigant expects only modest LD NGV demand growth in North America. However, the collapse in global oil prices has eroded a significant portion of the natural gas cost advantage.

2015 150
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Navigant forecasts global sales of light-duty stop-start vehicles to grow from 19M in 2015 to 59 million by 2024

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The same year, Navigant expects 82% of vehicles in Western Europe to have a stop-start feature, along with nearly 69% of vehicles sold in Asia Pacific. The other driver for SSV technology is consumer demand—present in Europe and some Asia Pacific countries for some time thanks to high fuel prices.

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