Transport

The largest share of oil demand - at more than 50% - continues to be transportation, including road transport, aviation, and freight. However, several developments are continuing to reshape the transportation dynamic even during this time of crisis.

As the COVID-19 pandemic unfolds, governments are continuing the momentum towards smart transitions that encompass both regulatory and technology approaches. This involves implementation of mandated fuel economy improvements for road transport and shipping as well as providing policy support for electric vehicles (EVs) in efforts to encourage greater uptake of clean transportation options.

The popularity of shared mobility services will impact vehicle ownership trends and potentially change mobility dynamics. Improved batteries and electric storage options, modernization of the electric grid to accommodate EVs, and the potential of hydrogen as a transport fuel will further enhance smart transitions.

However, even as these developments advance, EVs still require greater penetration to compete with approximately 1 billion internal combustion vehicles globally. Additionally, aviation and freight transportation will continue to depend on oil for the foreseeable future or until technology can have a meaningful impact.

As a neutral platform dedicated to global energy dialogue, the IEF stands ready to facilitate conversations regarding policies, technologies, and trends that will determine the future of transportation energy use.

President-Elect Biden Brings New Approach for Energy Innovation & Climate Action

International Energy Forum (IEF) Secretary General Joseph McMonigle said the incoming administration of President-Elect Joe Biden in the United States will bring a new approach for the U.S. in its environmental and energy policy, particularly in terms of climate change.
IEF's Roundtable on the Energy, Aviation, Tourism Nexus Forecasts Slow Recovery

International travel is the essential ingredient to ensuring the aviation, tourism, and energy industries recover from the pandemic, but the revival in global travel has been weaker than expected and could signal a slower return to economic vitality.
The Rise of Electric Vehicles

The IEF seeks to encourage the global growth of electric vehicles but enhancing battery technology is key to wider adoption.
IEF Insight Brief: The Role of Hydrogen in Sustainable Growth

Given its versatility as an energy carrier that can be produced without CO2 emissions, hydrogen is a key catalyst for governments as they strengthen commitment towards sustainable growth in recovery from COVID-19.
10th Anniversary Session of the IEA-IEF-OPEC Symposium on Energy Outlooks

The 10th Anniversary IEA-IEF-OPEC Symposium on Energy Outlooks took place on 19 February 2019 at the IEF Headquarters in Riyadh in collaboration with the IEA, and OPEC. Senior government and industry representatives from producing and consuming countries met alongside distinguished energy sector analysts to discuss energy outlooks and enhance dialogue on global energy security, energy market transparency, and orderly energy transitions