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CWR NEWS BULLETIN:  Trucking and fleet efficiency technologies offer massive fuel and carbon savings today - New research report“Currently available trucking efficiency technologies could earn savings of $26,400 per class 8 truck with a payback of less than 18 months, saving 624 million tonnes of CO2e emissions by 2020”Hilary McMahon, Director of Research, Carbon War Room
A new research report published by Carbon War Room and Trimble, “Road Transport: Unlocking Fuel-Saving Technologies in Trucking and Fleets” released today (November 27 2012) finds that massive savings, both in fuel costs and greenhouse gas emissions (GHGs), are possible, today with existing technologies. Results indicate that if just Class 8 truck operators were to adopt seven simple efficiency technologies, the trucking sector would save 624 million tonnes of CO2E emissions by 2022 – equivalent to the annual emissions of the nations of Spain and Thailand combined. The report finds that the adoption of fuel efficiency technologies represents a profitable investment opportunity that does not depend on any new policies in order to be successful.   “Working with the Carbon War Room we believe we can help address the current lack of analysis of the market potential for technological solutions to transport inefficiencies and gain better understanding of why sufficient capital has not yet been deployed to fulfil this potential,” commented Mark Forrest, general manager of Trimble’s Field Services Division.  Hilary McMahon, Director of Research at the Carbon War Room commented, ”The opportunities that exist today to reduce fuel costs and GHG emissions for trucks and fleets are very exciting, and this report demonstrates the scale of these savings. The technologies to tap into these savings are at our disposal, so what we need now is the widespread dissemination of these technologies in the transport industry.” Currently, road freight, or the commercial operation of road vehicles, produces 1.6 billion metric tons of CO2e per year, making the sector responsible for 5.75% of total worldwide GHGs. With trucking predicted to grow by 2% or more each year, achieving emissions reductions in this sector is critical if we are to meet key climate stabilization targets. Further, fuel prices are rising.KEY FINDINGSThe adoption of five physical technologies and two information and communication technologies (ICT)-based efficiency solutions by the Class 8 commercial vehicle fleet in the United States will prevent the emission of 624 million tons of CO2 by 2022 under predicted industry growth rates.This suite of seven technologies represents average fuel savings of $26,400 per truck, with a payback period of just 18 months.The US is a key location for such savings, as the operation of heavy-duty vehicles consumed 50 billion gallons of fuel in 2010.As a result of its research, the Carbon War Room is now investigating how to play a wider role in the trucking sector to address market barriers – and will be announcing the outcome of a scoping study in 2013.
ABOUT CARBON WAR ROOM The Carbon War Room is a global initiative, founded by Sir Richard Branson and others, that seeks to accelerate entrepreneurial solutions to deploy profitable scalable clean technologies. It focuses on breaking down market barriers for capital to flow to entrepreneurial solutions, and takes a global sector based approach.Contact: press@carbonwarroom.comABOUT TRIMBLE Trimble applies technology to make field and mobile workers in businesses and government significantly more productive. Solutions are focused on applications requiring position or location—including surveying, construction, agriculture, fleet and asset management, public safety and mapping. In addition to utilizing positioning technologies, such as GPS, lasers and optics, Trimble solutions may include software content specific to the needs of the user. Wireless technologies are utilized to deliver the solution to the user and to ensure a tight coupling of the field and the back office. Founded in 1978, Trimble is headquartered in Sunnyvale, Calif.For more information, visit:  www.trimble.com