Market Report

Governments around the world have been looking at means to reduce the carbon emissions from their respective countries. Initiatives such as monitoring the carbon emissions from factories, and increasing recycling have all led to a reduction in carbon emissions. Another initiative has been the introduction of fuel efficient vehicles that further add to the reduction in carbon emissions. The next step for various governments and automotive manufacturers has been the research on alternative fuels which have almost nil carbon emissions. Rising price of crude oil is another reason as to why governments are now looking at alternative fuels for vehicles. Further to this, governments want to try and reduce their dependency on crude oi especially if it is sourced from outside the country. Governments would rather invest in alternative fuel technology and be self-reliant. The investment in research on alternative fuel technology is not only being contributed by governments, but by the energy co...