Car-free Sundays? IEA sets out 10-point plan to reduce global oil demand | Oil

Driving extra slowly, turning down the air-conditioning, automobile free Sundays and dealing from dwelling needs to be adopted as emergency measures to scale back the worldwide demand for oil, in accordance with a 10-point plan from the Worldwide Energy Company (IEA).

Such measures and modifications to shopper behaviour would permit the world to chop its oil utilization by 2.7m barrels per day (bpd) inside 4 months – equal to greater than half of Russia’s exports – the worldwide power watchdog mentioned.

The IEA laid out a sequence of measures it mentioned would assist cut back world demand, at present near 100m bpd, serving to to ease sky-high oil costs hurting shoppers and cut back reliance on Kremlin-controlled assets.

Rapid steps it beneficial together with diminished pace limits, car-free Sundays and cheaper public transport.

“These efforts would cut back the value ache being felt by shoppers all over the world, reduce the financial harm, shrink Russia’s hydrocarbon revenues, and assist transfer oil demand in the direction of a extra sustainable pathway,” it mentioned.

The IEA mentioned that lots of its proposals could possibly be applied by governments of superior economies instantly, and estimated how a lot oil they might save by doing so.

  • Cut back pace limits on highways by a minimum of 10 km/h
    Saves about 290,000 bpd of oil use from vehicles, and a further 140,000 bpd if vehicles additionally diminished their pace.

    “A discount in pace limits will be applied by nationwide governments; many international locations did so throughout the 1973 oil disaster, together with the US and a number of other European international locations,” the IEA mentioned.

  • Make money working from home as much as three days every week the place attainable
    In the future every week saves about 170,000 bpd; three days saves about 500,000.

    Pre-pandemic, the usage of personal autos to commute was liable for about 2.7m barrels of oil use a day, the IEA mentioned, but about one-third of these jobs could possibly be accomplished from dwelling.

  • Automobile-free Sundays in cities
    Each Sunday saves about 380,000 bpd; one Sunday a month saves 95,000.

    Switzerland, the Netherlands and West Germany did this throughout the 1973 oil disaster and a few cities have used the measure to advertise public well being extra not too long ago. Advantages embody cleaner air, diminished noise air pollution and improved highway security, the IEA report mentioned.

  • Make public transport cheaper and incentivise strolling and biking
    Saves about 330,000 bpd.

    New Zealand is halving public transport fares for the following three months in response to excessive gasoline costs, whereas research within the US have proven cheaper fares result in larger use. Some governments have incentivised folks to stroll or subsidised bike purchases. All of this could require authorities subsidy.

  • Alternate personal automobile entry to roads in giant cities (eg each different day)
    Saves about 210,000 bpd.

    For instance, vehicles whose quantity plate ends with an odd quantity can drive on Monday and people with a fair quantity can drive on Tuesdays. Such schemes have been deployed to sort out congestion and air air pollution peaks in Athens, Madrid, Paris, Milan and Mexico Metropolis. Exceptions could possibly be made for electrical autos. One draw back is that households with a number of vehicles may sport the foundations.

  • Enhance automobile sharing and undertake practices to scale back gasoline use
    Saves about 470,000 bpd.

    Carpooling has lengthy been used as a method to economize and cut back emissions. Governments can incentivise this with devoted visitors lanes and parking areas, or by lowering highway tolls on larger occupancy autos. Many smartphone apps exist to rearrange ride-shares.

    Vehicles are extra inefficient if poorly maintained or pushed at an incorrect tyre stress. The IEA additionally discovered that air-con can account for 4% to 10% of gasoline use, so recommends setting the thermostat three levels larger on sizzling days.

  • Promote environment friendly driving for freight vehicles and supply of products
    Saves about 320,000 bpd.

    As with personal vehicles, freight vehicles will be pushed extra effectively, together with the usage of so-called “eco-driving” strategies reminiscent of lowering extra weight and never slowing down or rushing up abruptly. Masses also needs to be optimised to keep away from journeys with empty autos.

  • Utilizing high-speed and evening trains as an alternative of planes
    Saves about 40,000 bpd.

    Primarily based on current high-speed rail infrastructure, about 2% of flights in superior economies could possibly be shifted to trains, in accordance with the IEA. Virtually all of this includes flights of lower than 800km.

  • Keep away from enterprise air journey the place various choices exist
    Saves about 260,000 bpd.

    The IEA recommends digital conferences the place attainable and factors out that companies reminiscent of HSBC, Zurich Insurance coverage and S&P World plan to chop their enterprise journey emissions by as a lot as 70%.

  • Reinforce the adoption of electrical and extra environment friendly autos
    Saves about 100,000 bpd.

    By the tip of final 12 months, 8.4m electrical autos (EVs) have been on the highway in superior economies however the IEA urged sooner adoption. “Actions taken now to hasten the adoption of electrical autos may have a sustained impact sooner or later,” it mentioned.

The IEA known as for governments to pursue such measures to counter large world disruption.

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“On account of Russia’s appalling aggression towards Ukraine, the world could be dealing with its largest oil provide shock in a long time, with enormous implications for our economies and societies,” mentioned the IEA’s government director, Fatih Birol.

Decreasing oil use should not stay a brief measure, the report famous.

“Sustained reductions are necessary not solely to enhance international locations’ power safety but in addition to sort out local weather change and cut back air air pollution,” it mentioned.

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Car-free Sundays? IEA sets out 10-point plan to reduce global oil demand | Oil

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