IPIECA is a long-time co-sponsor of the Partnership for Clean Fuels and Vehicles and a supporter of the Global Fuel Economy initiative (GFEI), a public-private partnership aiming to improve vehicle efficiency, particularly in developing countries.
The GFEI was re-launched at a special 10-year anniversary event at the International Transport Forum’s annual conference in Leipzig, Germany. It re-affirmed its current targets of doubling the fuel economy of new passenger light-duty vehicles by 2030 (based on 2005) and added a new target of a reduction of 90% in CO2/km by 2050 (also based on 2005).
For new heavy-duty trucks the current target of a 35% improvement in fuel consumption by 2035 (relative to 2005) is supplemented by a new target of a per-kilometre reduction of 70% by 2050 (also relative to 2005). For the first time, GFEI has introduced targets CO2/km improvements for two-and three-wheelers and urban transit buses.
Transport is the backbone of modern society, providing unprecedented levels of personal mobility and facilitating global trade and commerce. It accounts for about 23% of global energy-related CO2 emissions and the sector will require a transformation over the course of the century to meet the goals of the Paris Agreement.
Improvements in vehicle technology and cleaner fuels also help countries to meet the UN Sustainable Development Goals, particularly SDG3 on good health and well-being, SDG11 on sustainable cities and communities (by improving air quality), and SDG7 on affordable and clean energy and SDG13 on climate action (by improving energy efficiency).