Global Agencies Propose Slashing Fuel Use By 2050

Law360, New York (March 5, 2009, 12:00 AM EST) -- Four major international agencies, including the United Nations Environment Programme and International Energy Agency, have kicked off an initiative to improve global fuel economy by 50 percent by 2050, a goal the organizations say could save more than 6 billion barrels of oil per year by 2050.

The organizations officially launched the project, dubbed the “50 by 50” Global Fuel Economy Initiative, on Wednesday at the Geneva Motor Show.

International Transport Forum and the FIA Foundation are also co-sponsoring the effort, which aims to significantly reduce...
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