The International Energy Agency (IEA) has presented a 10-point plan to reduce global oil demand by 2.7 million barrels per day.
The IEA has already warned of the biggest shock to oil production in decades, with huge impacts on economies and societies worldwide.
With the loss of Russian oil – the market is estimated to lose 3 million barrels a day next month – the agency says governments and citizens of developed countries (and beyond) should take steps to reduce demand. oil.
“These efforts will reduce the impact of rising prices on consumers around the world, mitigate the economic impact, reduce Russia’s hydrocarbon revenues and help oil demand move in a more sustainable direction.” IEA announcement.
Of course, the organization points out that the measures it proposes are more aimed at changing consumer attitudes, which should be supported by government measures. To what extent these proposals will be implemented depends on the conditions prevailing in each country.
The 10 meters
1. Reduction of the speed limit on the highways by at least 10 km / h
Many governments took this measure during the 1973 oil crisis.
The International Energy Agency estimates that the measure saves about 290,000 barrels of oil per day from use in cars and 140,000 barrels per day from use in trucks.
2. Work from home three times a week
The pandemic has shown that teleworking is possible for 1/3 of jobs in developed economies.
If people worked from home just one day a week, they would save 170,000 barrels of oil a day. In the three days of teleworking, this number jumps to 500,000 barrels / day.
3. Sundays without cars in the city
This is another measure adopted by some countries during the 1973 oil crisis.
A Sunday without a car a month is equivalent to 95,000 fewer barrels of oil per day. If this measure is adopted for all Sundays of a month, then about 380,000 barrels per day are saved.
4. Cheaper MMM and emphasis on micro-mobility
The IEA says there should be incentives for people to leave their car and opt for public transport or options such as walking, cycling, electric skating or scooters.
In this context, a short-term reduction in prices for bus, metro, tram and other means of transport is proposed.
Cities are also encouraged to invest, if possible, in the development of bike lanes, larger sidewalks and investments in electricity.
With these measures, about 330,000 barrels of oil per day could be saved.
5. Ring for cars in big cities
Here, the IEA cites the example of Athens and other cities, where there is some kind of control or restriction of cars that can enter the city center.
If other cities were to adopt this measure, then oil consumption would be reduced by $ 210,000 a day.
6. Share your car
In addition to driving more slowly, the IEA proposes to the world to share his car with others (colleagues, friends, relatives) for travel within the city, thus saving money and the demand for oil.
Governments could reinforce such practices with special lanes on roads, specific parking spaces, and fewer tolls or tolls.
In addition, the International Energy Agency recommends some tips, such as frequent checking of tire pressure and reducing the use of air conditioning in the car, which reduce fuel consumption.
Thus, about 470,000 barrels of oil per day would be “saved”.
7. More efficient driving
In the same vein as the previous sentence, drivers of all vehicles – and especially heavy vehicles – are advised to drive more efficiently, with timely gear changes.
This would save about 320,000 barrels per day.
8. Train, not plane
Taking Greta Thunberg as an example, the IEA advises people to avoid commercial flights as much as possible and to prefer the short-haul railway.
In the short term, this measure could help save 40,000 barrels of oil per day.
9. Companies prefer teleconferencing
Given the constraints on the airplane space, travel in A ‘and Business position consumes more oil than those in economy class.
Because of the coronavirus, many companies prefer teleconferencing to long distance travel for live meetings or conferences.
And they should continue this practice, as in the short term it reduces oil consumption by 260,000 barrels per day.
10. Electric cars
Finally, the International Energy Agency proposes an emphasis on e-mobility for a more sustainable future.
Based on data on sales of electric and other sustainable cars for the next four months, the IEA predicts that about 100,000 barrels of oil per day will be saved.
At the same time, sustainable actions in the supply chain and support policy will help even more.
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