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

    T&E commissioned the French institute Enerdata to study the impact of lower oil demand in Europe on global 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.