MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). This analysis underscores the potentially large costs of a fuel economy standard relative to alternative policies aimed at reducing petroleum use and GHG emissions. Emissions Fuel Efficiency Policy

2013 241

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

Under the scheme, around 500 of the largest emitters in Australia—facilities that have direct greenhouse gas emissions of 25,000 tonnes of CO 2 -equivalent per year or more (excluding emissions from transport fuels and some synthetic greenhouse gases)—will need to buy and surrender to the Government a permit for every tonne they produce. We have had a long debate about climate change in this country. Transport fuels will be excluded from the carbon pricing mechanism.

2011 174
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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. A 100% first year tax allowance will also be provided for the purchase of electric vans subject to State Aid clearance. In his statement, the Chancellor may announce changes to taxes and new spending measures.

2009 167

Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

Green Car Congress

Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. In 2011, the Obama Administration finalized the first fuel economy standards for Model Year 2014-2018 for medium- and heavy-duty trucks, buses, and vans. Preparing the US for the impacts of climate change.

2013 207

Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

Green Car Congress

The legislation also proposes numerous actions against financing and support for fossil fuel industries. The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables. Bernie Sanders (I-Vt.)

2013 213

Analysis concludes that current transportation policy in most US states will likely worsen GHG emission trends in US

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In the 50-state assessment, no state received a higher grade than “B-,” and most states scored lower than “D,” demonstrating a lack of alignment between transportation and climate policies, according to the analysis. transportation policy with climate change and energy goals, and some put in place systems that effectively sabotage these goals. transportation, and ensure state fuel taxes can support all transportation modes. Climate Change Emissions Land use Policy

2010 180

CEPS task force report identifies tightening emissions standards as key policy to hit EU 60% reduction in transport GHG; full life-cycle emissions optimal metric

Green Car Congress

The report argues that the biggest component of total transport reductions could come from more energy-efficient vehicles, combined with the gradual introduction of low-carbon fuels and new engine technologies. The steady tightening of standards will first incentivize combustion efficiency and in parallel speed up the deployment of new low-carbon technologies and fuels, such as vehicles running on low-carbon electricity, hydrogen, compressed natural gas or sustainable biofuels.

2013 180