Electric Vehicles: Not A Game-Changer For Oil Market

lweb.es/f2480 12.27.2016

Clean Energy, electricity, Power, World

iconAccording to BP, electric vehicles are not likely to be a game changer for the growth of oil demand over the next 20 years where the increasing prosperity in emerging Asia is likely to swamp the impact of even a very rapid increase in electric cars. In fact, there may well be more cost effective methods of reducing CO2 emissions over this period, for example greater improvements in vehicle efficiency, a switch away from coal in the power sector, or increased investment in Carbon Capture and Storage. But these considerations should not detract from the many potential benefits that electric vehicles may bring.

Rising Costs Threaten China’s Reputation As “World’s Factory”

lweb.es/f2500 12.27.2016

China, Economy

According to the director of the Center for Economic Diplomacy, Fudan University, Shanghai, China’s reputation as the world’s factory is increasingly threatened by rising costs, the accelerated manufacturing resurgence in various developed countries and the growing competitiveness of emerging economies. This situation has prompted numerous Chinese manufacturers to move their factories offshore. Manufacturing has long been at the foundation of China’s rise into a global economic power and the country needs to consolidate this manufacturing foundation. Otherwise China will risk hollowing out its real economy before it grows strong enough.