BERLIN --
The Worldwide Vitality Company says the world may shortly scale back international oil demand by 2.7 million barrels a day by chopping down on automotive and airplane journey, serving to easing the provision crunch attributable to Russia's invasion of Ukraine.
The Paris-based company stated in a report launched Friday that "sensible actions by governments and residents" may considerably scale back oil demand, make gasoline cheaper for customers, shrink Russia's hydrocarbon income and enhance efforts to scale back greenhouse fuel emissions.
The IEA stated its 10-point plan may, if absolutely carried out in superior economies, lower oil demand by the identical quantity as all of the automobiles in China inside 4 months.
It urged the international locations to undertake the measures in time for the annual peak demand season of July and August.
"On account of Russia's appalling aggression in opposition to Ukraine, the world could be dealing with its greatest oil provide shock in a long time, with large implications for our economies and societies," stated the IEA's government director, Fatih Birol.
The group's plan contains:
Lowering pace limits on highways by at the very least 10 kilometers per hour (6 mph)
Working from dwelling as much as three days every week the place attainable
Introducing car-free Sundays in cities
Making using public transport cheaper and inspiring individuals to stroll or cycle
Alternating non-public automotive entry to roads in giant cities
Boosting automotive sharing and one other practices to scale back gasoline use
Selling environment friendly freight and supply driving
Choosing high-speed and night time trains as an alternative of planes the place attainable
Avoiding enterprise air journey the place various choices exist, equivalent to economic system journey or video conferencing
Encouraging the adoption of electrical and extra environment friendly autos
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