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.

Standards 218
article thumbnail

MIT Energy Initiative report on transforming the US transportation system by 2050 to address climate challenges

Green Car Congress

Market-based incentives should be implemented to support the US Corporate Average Fuel Economy (CAFE) LDV requirements. miles per gallon will not reflect what most new car buyers should expect to achieve in 2025. However, the flexibility and lower costs of PHEVs appear to trump this simplicity, certainly in the nearer term.

MIT 150