Climate change

New warning about SUVs' climate toll

Reproduced from IEA; Note: Other passenger cars refers to internal combustion passenger cars excluding SUVs; Chart: Axios Visuals

A new International Energy Agency analysis looks at carbon emissions from the global growth in SUV sales and calls it "nothing short of surprising."

Why it matters: Wringing carbon out of transportation is vital to fighting climate change and that's going to be harder if SUV sales keep growing fast.

With incomes rising, IMF says peak energy consumption remains far off

IMF Annual meetings
People pass in front of the IMF building during the IMF and World Bank fall meetings in Washington, D.C., Oct. 15. Photo: Olivier Douliery/Contributor/Getty Images

The world is nowhere near reaching peak levels of energy consumption, judging by low income levels in some of the fastest-growing cities and countries around the globe, an International Monetary Fund panel indicated on Tuesday.

Driving the news: IMF researchers Christian Bogmans and Lama Kiyasseh found that once a nation’s average annual income reaches a certain level — $55,000 — the country hits what is called an energy saturation point, and thereafter, the growth of energy consumption begins to fall.