World Can Save 50 Percent of Fuel, Four-fifth of Global Oil Consumption, But…

Human Wrongs Watch

The right policies and technologies could improve the fuel efficiency of road vehicles by 50% by the middle of the century, saving as much as four-fifths of current annual global oil consumption, according to new reports.

**Peak hour traffic in melbourne, Australia | Photo credit: fir0002 | | Wikipedia

Two reports released by the International Energy Agency (IEA) inform that the transport sector currently accounts for a fifth of global final energy consumption, and increased demand from this sector is expected to make up all future growth in oil use worldwide.

“But there is massive potential for fuel efficiency improvements to reduce demand for transport fuel, and the two reports show how the world could stabilise demand for oil even if  the number of road vehicles (passenger cars, two-wheelers and freight trucks) doubled by 2050,” according to IEA reports.

Energy Demand Will Be Unsustainable 

“Tackling road transport energy use is vital to enhancing energy security and reducing carbon dioxide emissions globally,” IEA Deputy Executive Director Richard Jones, said as he launched the reports on 19 September.

“Conventional combustion engine vehicles are set to be around for a long time and without the right policy mixes, like the ones described in these publications, the demand for energy from road vehicles will be unsustainable.”

One report, Technology Roadmap: Fuel Economy for Road Vehicles, describes the technologies needed (such as high-pressure fuel injection systems) to achieve a much more efficient road-vehicle stock by 2030, while the second, Policy Pathway: Improving the Fuel Economy of Road Vehicles, describes the policy packages, made up of fuel economy labeling, standards and fiscal policies, that can help deliver improved fuel economy.

Quick Action Needed

With the right policies, countries can use available, cost-effective technologies to greatly improve the fuel economy of road vehicles over the next 10 to 20 years, and at the same time save billions of US dollars in fuel costs.

“But governments need to act quickly.”

The new IEA “fuel-economy readiness” index measures the extent to which countries have implemented steps that will fully exploit the potential of existing fuel economy technologies and maximise their use in vehicles.

It reveals that very few have all the pieces in place to capitalise on the full potential of fuel economy improvements that could be achieved in the coming two decades.

The Technology Roadmap, the latest in a series of IEA publications that focus on global low-carbon energy technologies, from biofuels to smart grids, recommends:

  • further research, development and demonstration in some technologies – such as waste heat recovery devices – would help to make vehicles more efficient and cost-effective over time;
  • specific global fuel-economy improvement targets and milestones that countries should implement; and
  • policies, including fuel economy standards, fiscal measures and information programmes, to dramatically improve the fuel economy of road vehicles.

Recommended Measures

The Policy Pathway, which offers detailed guidance for governments on how to put in place policy measures to increase the fuel efficiency of vehicles, includes information on:

  • how policies should be designed and the critical elements to planning, implementing, monitoring and evaluating fuel-economy policy packages; and
  • highlights lessons learned and examples of good practices from countries with experience in implementing fuel-economy policies for vehicles.

What Is Oil?

Oil includes crude oil, condensates, natural gas liquids, refinery feedstocks and additives, other hydrocarbons (including emulsified oils, synthetic crude oil, mineral oils extracted from bituminous minerals such as oil shale, bituminous sand and oils from CTL and GTL) and petroleum products (refinery gas, ethane, LPG, aviation gasoline, motor gasoline, jet fuels, kerosene, gas/diesel oil, heavy fuel oil, naphtha, white spirit, lubricants, bitumen, paraffin waxes and petroleum coke).

The IEA follows short- and medium-term developments on the international oil market to help member governments respond promptly and effectively to changes in market conditions.

The IEA prepares current oil market assessments from information submitted by IEA member and non-member countries, international oil companies and via an extensive network of market intelligence contacts.

Oil Market

Issues covered include: oil exploration and production, oil demand by main product and sector, upstream and downstream investment levels, geopolitical developments, inventory levels, oil refining and international trade in crude and products.

The IEA makes much of this information and analysis available to governments, industry and the public in its monthly Oil Market Report, through the associated Monthly Oil Data Service and, twice per year, in the Medium Term Oil Market Report (MTOMR).

The IEA is an autonomous organisation which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond. The IEA’s four main areas of focus are: energy security, economic development, environmental awareness, and engagement worldwide.

*Source: IEA report.IEA related reports: 

Technology Roadmap: Fuel Economy for Road Vehicles – foldout

Policy Pathway series

**Peak hour traffic in melbourne, Australia | Photo credit: fir0002 | | Wikipedia.

Read also:

Blood for Oil – The Close Relationship Between Petroleum and War

Politicians Promote Fossil Fuels with Half a Trillion Dollars a Year

Save The Planet? Just Eat Cars, Drink Fuel!

A U.S. Military Command to Grab Africa’s Natural and Mineral Resources

‘The World Cannot Survive 24h Without Persian Gulf Oil’

Who Will Benefit from East Africa’s Oil and Gas?

Uganda – Foreign Corporations Plan Massive Oil Production

Oil-rich Equatorial Guinea — Poverty, Torture, Extrajudicial Killings …

No Food for Half of Oil-Rich South Sudan Population

Arctic – The Catastrophic Impact of Drilling, Oil Spills, Accidents

2012 Human Wrongs Watch

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