Energy

A "cause for alarm" on global fuel economy

Freeways in Los Angeles. Photo: Ken Ross/VW PICS/UIG via Getty Images

The Global Fuel Economy Initiative (GFEI) report released via the International Energy Agency this week warned that the average fuel economy improvement rate for advanced countries slowed to only 0.2% per year between 2015 and 2017 — and "more than 20 countries experiencing a reversal in the evolution of their fuel economy."

Why it matters: It's nowhere near the GFEI target of 3.7% annual improvements in order to help control CO2 emissions.

The world's first climate treaty turns 25

The world as a rubik's cube.
Illustration: Aïda Amer/Axios

Yesterday marked 25 years since the UN's Framework Convention on Climate Change entered into force.

Why it matters: The deal struck in Rio de Janeiro laid the foundation for negotiations — lots of negotiations — that ultimately produced the 2015 Paris climate agreement.

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