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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).

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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. —Sergey Paltsev.

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Global Fuel Economy Initiative Releases Roadmap Report on Achieving 50% Fuel Economy Improvement in LDV Fleet by 2050

Green Car Congress

The International Energy Agency (IEA) has estimated that fuel consumption and emissions of CO 2 from the world’s cars will roughly double between 2000 and 2050. Their share will fall to just under 40% by 2050, with aviation set to grow to match road freight at around 22% of fuel consumption and emissions each. Fuel taxes.

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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. New energy efficiency standards. Earlier post.).

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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

measures such as standards, taxation or infrastructure development—consistent with the long-term objective. Key messages and findings for the report include: The key policy for reducing GHG emissions in road transport is the steady tightening of emissions standards in line with the technological frontier.

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Study Finds That CO2 Standards for Vehicles Can Reduce Price of Oil

Green Car Congress

Car fleet composition in the EU under the different scenarios. reduction in global oil consumption results in a drop in global oil prices of 1.2%. The obvious one is increased fuel taxes, but somehow governments need to make sure the benefits of better technology aren’t wiped out by increased demand for lower-priced fuel.

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IEA technology and policy reports outline paths to halving fuel used for combustion-engined road transport in less than 40 years

Green Car Congress

Two new reports—one on technology, the other on policy— released by the International Energy Agency (IEA) outline pathways to improve the fuel efficiency of combustion-engined road vehicles by 50% by the middle of the century, saving as much as four-fifths of current annual global oil consumption.