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 64

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

Green Car Congress

There are many options available for reducing the fuel, energy, and GHG emissions impacts of LDVs. Achieving our overall goal—reducing fleet fuel and energy consumption and GHGs by three-quarters or more—will be extremely challenging.

2016 83

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. The model also includes representation of fleet turnover, and opportunities for fuel use and emissions abatement, including representation of electric vehicles. Emissions Fuel Efficiency Policy

2016 78

Study concludes significant additional transport policy interventions will be required for Europe to meet its GHG reduction goal

Green Car Congress

Ben-Akiva from MIT combined TOSCA’s techno-economic characteristics of transportation technology with existing European transport modeling capabilities. R&D as above plus carbon tax applied from 2015, and increased over 10 years to a maximum value of €100/t (US$131) CO 2.

2012 78