NPRA 2007 Annual Meeting
Europe’s Transportation Demand
•General policy to reduce energy use and carbon dioxide (CO2) emissions, but not meeting targets
•
•Petroleum demand growth has been small (annual 0.7% since 1995)
•
•Policies led to increased shift to diesel engines
•
•Diesel demand is increasing while gasoline demand is declining
•
SEurope has had a policy to reduce transportation fuel demand in response to its interest in reducing carbon dioxide (CO2) emissions.  Although petroleum transportation fuel demand growth averaged only 0.7% per year since 1995, CO2 targets are not being reached, and new government mandates may mean more biofuels, efficiency requirements, etc.

SOne of the primary means of curtailing demand was to encourage the use of diesel-engine light-duty vehicles over the less efficient, gasoline-fuel engines. As a result, diesel demand is increasing, while gasoline demand is declining.