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Climate Leadership Conference Side Event: BSR’s Future of Fuels

Washington, D.C., US

 

Date and Time

Monday February 23, 2015
8:30 am-12:00 pm


Location

Washington, D.C., US


Topics

#Climate Change


Transportation accounts for about a quarter of global energy-related carbon emissions and is the fastest growing end-use sector of emissions. In order for the sector to make a meaningful contribution to stabilizing climate change at 2°C, the Intergovernmental Panel on Climate Change calls for low-carbon transportation fuels to expand from around 3 percent of the share today to more than 30 percent by 2050.

However, two challenges stand in the way: limited supply of cost-effective, low-greenhouse-gas fuels and few comparable analyses of fuel life cycle sustainability impacts. Therefore, it is difficult for fleet owners to make good decisions.

BSR will host a discussion on these issues at a side event of the Climate Leadership Conference in Washington, D.C. The roundtable will explore the development of a “Fuel Tool,” led by BSR’s Future of Fuels initiative, that will address both of these barriers by creating a rational, consistent basis for corporate fuel users and industry partners to evaluate alternatives across the range of fuel types and pathways—among oil, gas, biofuels, electric vehicles and hydrogen—to support co-investment in fuels that show the greatest long-term sustainability potential.

The event will focus on freight, which comprises 25 percent of on-road fuel among only 7 percent of vehicles, and where fuel demand is projected to rise 70 percent and account for about 60 percent of total increase of transportation fuel demand from 2010 to 2040.

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