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Fuel economy in the United States
…stringent than previous standards established in 2012. The SAFE rule introduced an annual fuel economy improvement rate of 1.5% for model years 2021-2026, while previous standards required a 4.7% yearly improvement for 2017-2025. SAFE also phased out the GHG credit multiplier for electric vehicles in 2022 and extended the multiplier for natural gas vehicles to 2026.In January 2021, the new US administration issued an executive order directing the EPA to reconsider the SAFE programme, and in August 2021 a revision was proposed to establish more stringent standards starting in 2023. Compared with SAFE, the proposed standards represent a 10% greater improvement for model year 2023 and a 5% improvement in the years following. The revision proposes removing the natural gas multiplier a...
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Green stimulus after the 2008 crisis
…The most successful examples combined ambitious policy funding with standardisation, “plug and play” efficiency options and an appropriate consideration of the availability of skilled labour and industrial capability. The overall policy design needs to pay attention to broad impacts on energy security and social inequality. Introduction The 2008-09 global financial crisis led to a global squeeze on credit and fragile financial markets, which brought about a deep economic recession. At the same time, public concerns about climate change intensified in the run‑up to the 15th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP15…
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United States' legislation on oil security
Introduction In the wake of the 1973-74 oil crisis, the United States (US) Congress enacted the Energy Supply and Environmental Coordination Act of 1974 (ESECA) and the more comprehensive Energy Policy and Conservation Act of 1975 (EPCA) with the specific aims to fulfil the US’s obligations under the International Energy Programme (IEP), to provide for the creation of a Strategic Petroleum Reserve (SPR), to conserve energy supplies, to provide for improved energy efficiency, to provide a means for verification of energy data, and to conserve water by improving water efficiency of certain plumbing products and appliances (EPCA section 2…
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Capturing the energy beneath our feet
…heat to the surface where energy can extracted and used, such as for electricity generation. The original geothermal water is recycled back into the reservoir.How does the project help to achieve climate and energy goals?Enhanced geothermal systems emit little or no greenhouse gases.EGS plants provide reliable baseload power that pairs well with intermittent renewables.Geothermal electricity generation requires less space than other power sources, such as wind and solar.Geothermal jobs require skills used by workers in oil and gas production, mining, construction, manufacturing and other industries. Many of these workers are considering new jobs as their…
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Oil Market Report - March 2018
…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 Demand is expected to increase by 1.5 mb/d in 2018 to 99.3 mb/d, a 0.1 mb/d upward revision compared to last month's forecast. Global oil demand is estimated at 97.8 mb/d in 2017, unchanged from last month.Strong early data contributed to an upward revision of 240 kb/d in our outlook for OECD growth in 2018. The switch to natural gas in Pakistan and Iraq…
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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…
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Energy Policies of IEA Countries: United States 2002
…the Kyoto Protocol. This report urges consideration of legislation on carbon dioxide and adoption of policies allowing international trading in emissions. Strengthening fuel economy standards is an encouraging approach to energy use in transport. Different standards for cars and light trucks should be addressed as a priority. Policies to promote new sources of energy supply should be balanced by continuing effort to enhance efficient use of energy. Regional Transmission Operators are a sensible means of ensuring access to transmission and the functioning of a competitive wholesale market. The power crisis in California has slowed progress on market reform; confidence should…
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Oil Market Report - May 2023
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 forecast to rise by 2.2 mb/d year-on-year in 2023 to an average 102 mb/d, 200 kb/d above last month’s Report. China’s demand recovery continues to surpass expectations, with the country setting an all-time…
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Oil Market Report - July 2019
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 Global demand growth is set to accelerate from an exceptionally weak 310 kb/d in 1Q19 and 800 kb/d in 2Q19 to reach 1.8 mb/d in the second half of the year as economic activity improves and petrochemical plants ramp up. For 2020, the pace of growth will…
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Oil Market Report - August 2019
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 Global demand fell 160 kb/d y-o-y in May, the second annual fall seen in 2019. In January to May it was up only 520 kb/d, the lowest increase for the period since 2008. Chinese oil demand was revised upwards, but India and the US…