Name the fuel which is gradually replacjng petrol and diesel in automobile
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Diesel is currently the fuel type of choice for all road related transport. Price volatility as well as negative environmental effects will lead to a decreasing importance of diesel in the future. As of today, several companies are already experimenting with new technologies to gain competitive advantages. We elaborate on why companies are doing this today. We list the existing alternatives that are currently on the market and their viability. Companies can make good use of these trends and the rapidly evolving technologies to become a green leader in their fields and gain a sustainable competitive advantage.
The future is green
The worldwide awareness for environmental issues related to fossil fuels is strongly increasing. The recent climate conference in Paris proved that the environment has gained importance in as good as every country. Where even several countries described global warming as the number one global threat. Public opinion has changed as the public mind-set has shifted to an aversion to large diesel engines. And trends such as the private purchase of electric vehicles seem unstoppable.
Cities are acting on this and are banning polluting fossil fuelled cars. More and more cities across the world are taking measures to reduce the number of cars in their city centres. An example is London where they have the congestion charge system to reduce the number of cars. Closer to home, Antwerp decided in 2013 to ban all diesel cars that are older than 15 years in the city centre starting from the beginning of 2017.
Shareholders and investors are more and more demanding businesses to go green. Several investment funds and other shareholders push companies to go green. In early 2015, a coalition of investors (pension funds, local authorities) has pressured the board of British Petroleum to become more environmental friendly. However this is an extreme example where shareholders have put the leaders with their back against the wall, it can be seen as a leading example. This approach is becoming more and more widespread and will complicate the financing of polluting companies.
Furthermore, employees prefer to work for environmental friendly companies. Several studies have indicated that a company’s environmental friendliness is an important factor when choosing the employer. Employees have indicated an unwillingness to work for companies with a bad environmental reputation [1].
The European Commission reinforces these trends and has set binding emission targets for its member states. The target is to reduce the emissions, compared to 2005 levels, with 10% by 2020 and with 30% by 2030 [2]. For Belgium the emission reduction target is set even higher at 15% [3]. The transport sector accounts for the largest share of non-ETS emissions and will therefore be increasingly subjected to national policies aimed on reducing emissions of GHG and air pollutants (PM and NOx).
The Belgian Government has acted in line with Europe. The Belgian kilometre charge will be implemented in 2016 and will stimulate hauliers to buy greener alternatives or newer diesel models.The kilometre charge system stimulates Euro 5 and Euro 6 models by lower fees. At the moment there is no lower tariff or exemption for alternative fuelled lorries. This might be implemented in the future to stimulate the use of alternative fuels.
The future is green
The worldwide awareness for environmental issues related to fossil fuels is strongly increasing. The recent climate conference in Paris proved that the environment has gained importance in as good as every country. Where even several countries described global warming as the number one global threat. Public opinion has changed as the public mind-set has shifted to an aversion to large diesel engines. And trends such as the private purchase of electric vehicles seem unstoppable.
Cities are acting on this and are banning polluting fossil fuelled cars. More and more cities across the world are taking measures to reduce the number of cars in their city centres. An example is London where they have the congestion charge system to reduce the number of cars. Closer to home, Antwerp decided in 2013 to ban all diesel cars that are older than 15 years in the city centre starting from the beginning of 2017.
Shareholders and investors are more and more demanding businesses to go green. Several investment funds and other shareholders push companies to go green. In early 2015, a coalition of investors (pension funds, local authorities) has pressured the board of British Petroleum to become more environmental friendly. However this is an extreme example where shareholders have put the leaders with their back against the wall, it can be seen as a leading example. This approach is becoming more and more widespread and will complicate the financing of polluting companies.
Furthermore, employees prefer to work for environmental friendly companies. Several studies have indicated that a company’s environmental friendliness is an important factor when choosing the employer. Employees have indicated an unwillingness to work for companies with a bad environmental reputation [1].
The European Commission reinforces these trends and has set binding emission targets for its member states. The target is to reduce the emissions, compared to 2005 levels, with 10% by 2020 and with 30% by 2030 [2]. For Belgium the emission reduction target is set even higher at 15% [3]. The transport sector accounts for the largest share of non-ETS emissions and will therefore be increasingly subjected to national policies aimed on reducing emissions of GHG and air pollutants (PM and NOx).
The Belgian Government has acted in line with Europe. The Belgian kilometre charge will be implemented in 2016 and will stimulate hauliers to buy greener alternatives or newer diesel models.The kilometre charge system stimulates Euro 5 and Euro 6 models by lower fees. At the moment there is no lower tariff or exemption for alternative fuelled lorries. This might be implemented in the future to stimulate the use of alternative fuels.
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the answer is cng (compressed natural gas) as it is more eco-friendly and leaves no ash or smoke residue.
Hope it helps.
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