March 19, 2022 – The Paris-based International Energy Agency says that “practical actions by governments and citizens” could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel, helping to ease the supply crunch caused by Russia’s invasion of Ukraine.
The IEA said its 10-point plan could, if fully implemented in advanced economies, cut oil demand by the same amount as all the cars in China within four months.
The plan includes encouraging the adoption of electric and more efficient vehicles; reducing speed limits on highways; opting for high-speed and night trains instead of planes where possible and avoiding business air travel where alternative options exist, such as economy travel or video conferencing
