Steering clear of oil disasters

Publication - October 20, 2010
Greenpeace EU’s independent report demonstrates that if the EU set a series of progressive CO2 emission standards for cars and vans up to 2030, oil consumption in Europe would fall by eight percent by 2030, compared to business as usual. This step would eliminate completely the need for imports of oil from dangerous and dirty sources, cut Europe’s CO2 emissions by 186million tonnes and deliver savings of $42billion per year on crude oil imports.

Steering Clear of Oil Disasters

Author: Ian Skinner (TEPR), Pinar Keles (TEPR) & Steve Pye (Steve Pye Associates)

Executive summary: The aim of this report is to estimate how much the EU’s demand for oil might decline in 2020 and 2030 if more stringent CO2 emissions performance standards for new passenger cars and vans were introduced. Additionally, it assesses the potential impact of the resulting demand reduction on the level, origin and value of the EU’s oil imports and the types of feedstock that are used by the EU’s oil refineries.

Num. pages: 36