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Oil Market Report - February 2021
The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is set to grow by 5.4 mb/d in 2021 to reach 96.4 mb/d, recovering around 60% of the volume lost to the pandemic in 2020. While oil demand is expected to fall by 1 mb/d in 1Q21 from…
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Fuel economy in Canada
…s Passenger Automobile and Light Truck GHG Regulations, a 5% annual reduction in CO2-equivalent per mile for passenger cars is required from 2017 to 2025. For light trucks, the stringency of new fleet average greenhouse gas limits increases by 3.5% annually from 2017 to 2021 and 5% annually from 2022 to 2025. In response to propsals in the United States to increase the stringency of emissions standards for model years 2023-2025, Canada has announced intentions of aligning regulations with the most stringent performance standards in North America post-2025, whether that be at the United States federal…
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Canada Climate Resilience Policy Indicator
…Canada rising more rapidly, by 2.3°C during 1948-2016. Canada’s Changing Climate Report also explains that in terms of seasonal variation, the temperature has increased more strongly in the winter than in the summer.Warming is expected to continue into the future, with an overall temperature increase of between 1.8°C and 6.3°C by the end of the century, depending on greenhouse gas emissions levels. The rise in temperature is likely to be more evident during the winter and in the country’s northern regions.Canada’s rising temperature is already affecting energy demand, reducing the number…
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The Potential of Behavioural Interventions for Optimising Energy Use at Home
…is to trigger socially desirable behaviours – either by removing barriers to such behaviours, or by creating disincentives to socially damaging ones. The objectives and advantages of behaviourally informed policy-making in the energy realm is discussed in depth in a recent IEA and UsersTCP report.Behavioural policy interventions differ from traditional approaches that seek to enhance energy efficiency through economic incentives (such as subsidies for efficient purchases or time-of-use energy pricing), information provision (energy efficiency labels) or regulatory requirements (setting minimum energy performance standards). Such traditional measures assume that users will easily understand the benefits of a policy…