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by Muriel Boselli
Reuters
September 19, 2012
(PARIS) — Fuel consumption in new vehicles could be slashed by half in the next 20 years, helping the world curb its dependency on oil, provided governments set up bold policies to boost the use of available technologies, the International Energy Agency said on Wednesday.
The transport sector, which consumes around one fifth of global primary energy, will account for nearly all the future growth in oil use, said the Paris-based agency, which advises industrial nations on energy policy.
The necessary technologies are already cost-effective, the IEA said, in that fuel savings outweigh the additional costs over vehicle life, but those are not deployed widely enough.
