BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels per day by cutting car and plane travel, which would help alleviate the supply shortage caused by Russia’s invasion of Ukraine.
The Paris-based agency said in a report released Friday that “practical actions by governments and citizens” could significantly reduce oil demand, make fuel cheaper for consumers, shrink Russia’s hydrocarbon revenues and increase efforts to reduce greenhouse gas emissions. can be encouraged to reduce.
The IEA said its 10-point plan, if fully implemented in advanced economies, could reduce oil demand by the same amount as all cars in China within four months.
He urged countries to adopt the measures in time for the annual peak demand season in July and August.
“As a result of Russia’s horrific aggression against Ukraine, the world may be facing its biggest oil supply shock in decades, with huge consequences for our economies and societies,” said Fatih Birol, IEA executive director.
The organization’s plan includes:
— Reduce speed limits on highways by a minimum of 10 kilometers per hour (6 mph)
— Work from home up to three days a week where possible
— Introduction of car-free Sundays in cities
— Making the use of public transport cheaper and encouraging people to walk or cycle
— Alternate private car access to roads in major cities
— Promoting carsharing and other practices to reduce fuel consumption
— Promote efficient freight and delivery traffic
— Opt for high-speed and night trains instead of airplanes whenever possible
— Avoid business air travel where alternative options exist, such as economy travel or video conferencing
— Encourage the introduction of electric and more efficient vehicles