World thirst for oil keeps growing, with SUVs a key culprit
PARIS (AP) — The world's thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers' insatiable appetite for SUVs is a big reason why.
Mounting demand for plastic is another factor. So is increasing plane travel. And the upcoming population boom in cities across Africa and Asia.
All this is according to an important global industry forecast released Wednesday by the International Energy Agency that is used as guidance by oil companies and governments. This year, amid growing pressure from young activists like Greta Thunberg and others for tougher action on emissions, the IEA's World Energy Outlook took a stronger-than-usual stand on climate change.
It celebrates a growing boom in solar and wind power, and urges governments to work together on changing the way we fuel our lives. And it singles out gas-guzzling SUVs for criticism.
Growing demand for SUVs in the U.S, China, Europe and elsewhere could negate all the environmental benefits of the increased use of electric cars, the report says. Because of their size, SUVs are harder to electrify than smaller vehicles.
SUVs "were the second biggest reason for global emissions growth in last 10 years, after the power sector and more than all the industrial sectors put together," IEA director Fatih Birol told reporters in Paris on Wednesday.
Energy-intensive SUVs and pickup trucks account for about two-thirds of car sales in the U.S. and only about a third in the EU, though they are steadily growing in demand in Europe too, according to industry reports. Worldwide, about 42% of cars sold last year were SUVs, Birol said.
The World Energy Outlook, which focuses on forecasting energy needs over the next 20 years, is increasingly important to governments...