Belfer Center Study Concludes Reducing Car and Truck GHG Emissions Will Require Substantially Higher Fuel Prices; Income Tax Credits for Advanced Alt Fuel Vehicles Are Essentially Ineffective at Reducing Sector Emissions
Green Car Congress
MARCH 8, 2010
The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. Direct transportation (fuel) taxes generate the greatest reductions in CO 2 emission from transportation, achieving CO 2 emissions at 86% of 2005 levels by about 2025. —Morrow et al.
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