vroom, vroom

November 16, 2008 by  
Filed under business, economy, environment science

Est. growth of global automobiles

Est. growth of global automobiles

When many of us think about what we can do about climate change, we go to obvious: lightbulbs, recycle, bring a bag, short shower. We demand of our government to invest in clean energy and protect lands.

However, in light of the rumblings of a auto industry bailout, I think an article from The Economist, is an important read: A Survey of Cars in Emerging Markets

We forget that with a growing population comes a growing demand for goods and the infrastructure to match. So what is going to happen when more people want more cars?

…the IMF have calculated that the number of cars worldwide will grow from 600m in 2005 to 2.9 billion in 2050. By 2030, they believe, China’s car fleet will have overtaken America’s (which itself will have increased by 60%), and by 2050 China will have almost as many cars as the entire world has today. India will be catching up fast, with a fleet of 367m, 45 times the number on its congested roads today.

Cars made up an estimated 6.3% of all global emissions in 2000. Eight years later, you know that number is higher and climbing.

This is why it is so important for a green initiative to be built into any auto bailout that either the Bush or Obama Adminstrations would consider. If the estimated car purchase growth becomes reality without a major push to reduce emissions and create fuel efficient, hybrid, or electric cars, we can assume that any net positive effect in other green initiatives will be negated due to autos, alone.

In a way, we should hope for a continued rise in fuel prices, so the desire to own an automobile is lessened.

Read the article, it is very interesting.

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