reduce speed limits. To work from home. Whenever possible, opt for trains rather than planes.
These are among the recommendations released Friday by the International Energy Agency to cut oil consumption in response to the looming global energy crisis sparked by Russia’s invasion of Ukraine.
Oil and gas prices have skyrocketed in the wake of the invasion, leading to a broader cost of living crisis in Britain.
The Paris-based IEA has proposed a 10-point plan that advanced economies can implement to reduce oil demand, ease household budgets, reduce Russia’s hydrocarbon revenues and help make oil demand more sustainable.
If fully implemented by those countries, the plan would cut oil demand by 2.7 million barrels a day over four months — equivalent to the oil demand of all cars in China, according to the IEA’s analysis.
Recommendations include reducing speed limits on motorways by at least 10 km per hour (just over 6 miles per hour), working from home up to three days per week where possible, introducing car-free Sundays in cities that Discounting public transport and opting for trains instead of planes whenever possible. The agency said the 10-point plan focuses on transportation, as the majority of oil demand comes from the sector.
“As a result of Russia’s appalling aggression against Ukraine, the world may be facing the biggest oil supply shock in decades, with a huge impact on our economies and societies,” IEA Executive Director Fatih Birol said in a statement.
“IEA member countries have already stepped in to support the global economy with an initial release of millions of barrels of emergency oil stocks, but we can also take action if necessary to avoid the risk of a crippling oil crisis.”
in one tweet On Friday, Birol said national governments should take the lead, but some action could be taken by regions, cities, citizens and businesses.
The new report includes recommendations for countries to move beyond the “short-term contingency measures” included in the 10-point plan to longer-term measures that would put their oil demand into “structural decline” in line with net-zero targets Greenhouse gas emissions by mid-century. These include accelerating the adoption of electric vehicles, as well as the adoption of heat pumps and the production of more sustainable plastic.
“Sustainable reductions are desirable not only to improve energy security but also to combat climate change and reduce air pollution,” the report says.
According to the report, sticking to elements of the 10-point plan may dampen oil demand in the longer term. But it added that governments must also consider accelerating their clean energy transition and building on their net-zero emissions strategies.
Boris Johnson is expected to present an energy security strategy in the coming days after the government announced last week that it would halt imports of Russian oil, which accounts for about 8 per cent of UK demand, by the end of next year.
The decision has sparked debate over how the country should replace Russian imports. Some conservative backbenchers have stepped up calls for the Great Britain wants to support fracking and expand North Sea explorationwhile climate campaigners and energy analysts have urged the government to accelerate the transition to renewable energy and better insulate UK buildings.
https://www.independent.co.uk/climate-change/news/iea-plan-oil-climate-b2038976.html Working from home and reducing speed limits: IEA publishes 10-point plan to reduce oil consumption