Are car-free days and lower speed limits the answer to the world’s oil supply problems?

  • Date: 25-Mar-2022
  • Source: World Economic Forum
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Are car-free days and lower speed limits the answer to the world’s oil supply problems?





The International Energy Agency (IEA) has revealed a 10-point plan to cut oil use as Russia's invasion of Ukraine deepens concerns about supply.

It is urging consumers to travel less, share transport and drive more slowly.

Other recommendations include working from home, car-free days in cities, cheaper public transport and more carpooling.

The IEA has also urged governments to make these changes permanent to help tackle climate change.















Oil supply is being threatened.





Image: REUTERS/Regis Duvignau











The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a 10-point plan to cut oil use as Russia's invasion of Ukraine deepens concerns about supply.

The plan by the Paris-based grouping of 31 industrialized countries - which does not include Russia - underlines the urgency of a supply crunch brought on by sanctions and buyer aversion to Russian oil, which has raised fuel prices.

The recommendations - which include lower speed limits, working from home, car-free days in cities, cheaper public transport and more carpooling - could cut oil demand by 2.7 million barrels a day within four months, the