In 2011-2012, the Government of India spent over USD$15 billion subsidizing fuel products such as diesel, kerosene and liquid petroleum gas. The government’s total subsidy expenditure increased by 27 per cent from the previous year, significantly contributing to the deterioration of India’s fiscal balance.
Governments have a key role to play in influencing private sector investment, by improving the enabling conditions for investment in sustainable transport infrastructure and delivering investment grade policies.
Turning the Right Corner: Ensuring Development through a Low-Carbon Transport Sector finds that adopting new vehicle technologies and alternative fuels will not be enough to curb greenhouse gas emissions from transport: new patterns of mobility will also be needed.
The rapid expansion of renewable technologies is one of the few bright spots in an otherwise bleak assessment of global progress towards low-carbon energy, the International Energy Agency (IEA) said in an annual report to the Clean Energy Ministerial (CEM).
The Electric Vehicles Initiative (EVI) and the International Energy Agency (IEA) have launched the Global EV Outlook representing two years of data gathering and analysis of electric vehicle stock/sales and charging station deployment.
Model year 2012 passenger vehicles sold in the United States had an average fuel economy rating of 23.8 miles per gallon, the highest on record, the U.S.
Europe faces a significant economic challenge. Ahead lies the task of reining in public debt, revitalizing stagnant economies and creating new opportunities for millions of jobless workers. At the same time, the European Union has committed to playing a lead role in tackling climate change.
This update containing new data analysis for years 2010 and 2011 sheds light on the latest improvement of new light-duty vehicle average fuel economy in most of the big markets worldwide including India.
