Study finds CO2 emissions trading more effective path to automotive CO2 reduction in Europe than tailpipe standards
Green Car Congress
NOVEMBER 11, 2016
They analyzed the impact of the mandates on oil demand, CO 2 emissions, and economic welfare, and compare the results to an emission trading scenario that achieves identical emissions reductions. This study, for the first time, quantifies the vast economic costs of that policy using a general equilibrium framework.
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