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Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards

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Switching from the automotive standards to the trading scheme could save as much as €63 billion, says the study’s lead author Sergey Paltsev, deputy director at MIT’s Joint Program on the Science and Policy of Global Change and senior research scientist at the MIT Energy Initiative. —Sergey Paltsev.

Standards 218
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Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

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Without significant additional policy interventions to induce market penetration of breakthrough passenger car and aircraft technologies, the overall European (EU27) greenhouse gas (GHG) emissions reduction goals for 2050 will be difficult to meet, according to a new study by researchers from the University of Cambridge, Stanford University and MIT.

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MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

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Achieving our overall goal—reducing fleet fuel and energy consumption and GHGs by three-quarters or more—will be extremely challenging. In the United States, LDVs alone currently account for 43% of petroleum demand and 23% of GHG emissions, when fuel production is considered. —John Heywood.

MIT 150