Energy Alternatives for the Transport Sector: The US and the EU Move in Different Directions

Willstedt Mesa, Heikki (2011) Energy Alternatives for the Transport Sector: The US and the EU Move in Different Directions. Elcano Newsletter (81). 7 p.. ISSN 1698-5184

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Abstract

This ARI looks at the current developments in alternative fuels/technologies for road transport in the framework of rising international prices for conventional fuels and climate change mitigation efforts. High crude oil prices during the last four years, and the warning by the IEA that there might be a relative shortage of liquid fuels by 2015, is prompting governments and the transport industry to look for alternative fuels/technologies. These would start reducing the dependence of the transport sector on liquid fossil fuels, thus decreasing the economic risks associated with the price volatility of conventional oil-derived fuels. This ARI analyses two alternative energy/technology options and their potential: natural gas and electricity. Recent developments in some regional natural gas markets, where an important price differential between oil and gas is developing, could prompt this resource to become an important option for road transport. On the other hand, after the spate of announcements of new electrical vehicles and bold market objectives, the ‘electrical revolution’ seems to be entering a reflection period. Governments and the manufacturing industry, especially in OECD countries, are evaluating how to achieve the ambitious goals set they have set for themselves in the most economically efficient way. The deployment of these alternatives could have significant implications for international efforts to mitigate climate change. Will local conditions and policies favour one option over the other?

Item Type: Article
Additional Information: Estudio sólo disponible en inglés
Uncontrolled Keywords: Economía y Comercio Internacional
Subjects: TRANSPORT > TRANSPORT ECONOMICS > TRANSPORT.
TRANSPORT > MEANS OF TRANSPORT > ELECTRIC VEHICLES.
SCIENCE; RESEARCH; METHODOLOGY > RESEARCH; SCIENCE > RESEARCH AND DEVELOPMENT.
INDUSTRY > ENERGY > ENERGY SOURCES.
INDUSTRY > ENERGY > ENERGY TECHNOLOGY.
Divisions: Real Instituto Elcano, RIE
Depositing User: Jorge Horcas Pulido
Date Deposited: 15 Apr 2012 02:49
Last Modified: 15 Apr 2012 02:49
URI: http://biblioteca.ribei.org/id/eprint/2184

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