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EVs are reducing carbon emissions and oil demand by about 1.5 million barrels of oil per day; electric bikes and mopeds account for about two-thirds of the reduction reports BloombergNEF

BloombergNEF: With SBTi allowing wider use, including Scope 3 emission offsets, demand for carbon dioxide offset could reach 5.9 billion tons; removal-only market could face supply shortage, with prices reaching as high as $290/ton by 2034

BloombergNEF announces 11 winners of 2024 Pioneers award for innovative technologies and products working towards global decarbonization, climate change mitigation; technologies include new biofuel feedstocks, and standardizing biodiversity monitoring

Survey finds Tesla leads brand retention, with 87% of Tesla owners saying they would buy another Tesla, followed by Lexus at 68%, Toyota at 54%, Ford at 53%; the study also suggests US BEV market share on track to reach 25% by 2030: Bloomberg Intelligence

Bloomberg report finds Brent oil likely to stay above US$80/barrel at end-2024; Red Sea turmoil, Israel-Hamas conflict have shown limited effect on prices, given no substantial disruption to oil flows and OPEC+ having meaningful amount of spare capacity

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