The impact of lower oil consumption in Europe on world oil prices

This study, by Enerdata, investigates the effects of four different legislations on CO₂ emissions for new cars sold in the short (2010), medium (2020) and long term (2030). Various topics are explored: the reductions in European CO₂ emissions and oil consumption due to the induced energy savings and substitution of road transport technologies resulting from the proposed emission standards; the impacts of such legislation on the energy security and aggregate energy bill of the EU; and, finally, the effects on international markets.