Remove Cost Of Remove Global Remove MIT Remove Oil
article thumbnail

MIT and IEA reports take different views of the future of natural gas in transportation

Green Car Congress

MIT and the IEA both have newly released reports exploring the potential for and impact of a major expansion in global usage of natural gas, given the current re-evaluation of global supplies. Globally, natural gas vehicles are a small fraction, on the order of 1%, of the close to 900 million vehicles in the vehicle parc.

MIT 299
article thumbnail

U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas.

Chicago 150
article thumbnail

MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The study found that there are significant global supplies of conventional gas.

MIT 240
article thumbnail

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

Green Car Congress

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. Paltsev, S., Henry Chen, YH., Karplus, V.

Standards 218
article thumbnail

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the Next Decade

Green Car Congress

The five different fuel groups were those derived: from conventional petroleum; from unconventional petroleum; synthetically from natural gas, coal, or combinations of coal and biomass via the FT process; renewable oils; and alcohols. From Hileman et al. Click to enlarge. million bpd. Reduced GHG impact.

MIT 250
article thumbnail

MIT Report Outlines System-Oriented Coordinated Polices for Reduction in Light-Duty Vehicle Petroleum Use and Emissions

Green Car Congress

A new MIT report outlines a system-oriented set of coordinated policies to help the light-duty vehicle sector reduce petroleum-based consumption and its accompanying global warming emissions. The study was supported in part by the MIT Energy Initiative. Taxes on motor vehicle fuels should be increased by $0.10 Heywood et al.

MIT 199
article thumbnail

MITEI releases report on Electrification of the Transportation System

Green Car Congress

The MIT Energy Initiative (MITEI) has released a report on the proceedings—and papers that informed those proceedings—of the 8 April 2010 symposium on The Electrification of the Transportation System: Issues and Opportunities. The symposium was sponsored by the MIT Energy Initiative, together with Ormat, Hess, Cummins and Entergy.