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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
Market profile and analysis of fuel consumption trends Nearly 2 million new light-duty vehicles (LDVs) were sold in Canada in 2019, with an average fuel consumption of 8.6 litres of gasoline equivalent (Lge/ 100 km), which is higher than all other major LDV markets. At almost 21% above the global average, high fuel consumption levels in Canada reflect a growing share of SUVs/pick-up trucks. Notably, the sales share of SUV/pick-up trucks has grown from 33% of new LDVs in 2005 to 67% in 2019, which is the highest among major LDV markets and nearly…
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Canada Climate Resilience Policy Indicator
…resilience. Canada’s recently released the National Issues Report highlights that climate changes are already affecting the energy sector and that effects will persist and even intensify in the future. Climate hazard assessment TemperatureCanada’s average annual temperature rose 1.7°C between 1948 and 2016. The temperature rise in Canada over the last two decades (0.0144°C) is lower than the global average (0.0313°C per year). Warming rates vary by region, with the temperature in northern Canada rising more rapidly, by 2.3°C during 1948-2016. Canada’s Changing Climate Report also explains that in terms of seasonal variation…
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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…