A report from Global Fuel Economy Initiative shows that global average fuel economy is slightly improving, cheap but not at the required rate to meet 2050’s targets.
The improvement of fuel economy is one of the most basic and costs effective ways of addressing the climate challenges, but the auto industry is not on track to deliver on it. “The technology is not the problem – it’s the policy commitment that is failing us,” said Global Fuel Economy Initiative executive secretary Sheila Watson at the Climate Change Conference in Paris. “We need to see vastly improved progress on vehicle fuel economy worldwide if we are to get anywhere near reaching both the 2-degree global climate targets, and the new Sustainable Development Goal objective of doubling improvement in energy efficiency. Halving fuel consumption in passenger light duty vehicles by 2030 is entirely possible using widely available technologies.”
GFEI is focusing around a series of targets to significantly improve vehicle fuel economy globally. These include a 50 percent reduction in the average fuel consumption of all light duty vehicles in use in 2050, compared to a 2005 baseline. To achieve this, all new cars and vans sold must reach a similar target by 2030. GFEI is using its “100 for 50by50” campaign to rapidly expand the number of countries committing to improve fuel economy by 50 percent by the year 2050 to one hundred. Its report shows that by 2050, up to 33 Gt of CO2 and almost 8 trillion dollars could be saved worldwide, if the GFEI target of doubling fuel economy of light duty vehicles was turned into reality. Between 2005 and 2013, fuel economy of new cars improved by 2 percent per year globally, but not at the necessary pace to meet the targets.
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