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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). —Karplus et al. Paltsev, M. Babiker, J.M. 2012.09.001.

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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

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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. Preparing the US for the impacts of climate change. Earlier post.).

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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In a letter sent to President Biden on 15 June, the AFPM (American Fuel & Petrochemical Manufacturers) and the API (American Petroleum Institute) listed what they called seven realities about the current situtation: Refined product prices are determined on the global markets. As of 10 June, EIA reported 93.7%

Congress 259
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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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Under the scheme, around 500 of the largest emitters in Australia—facilities that have direct greenhouse gas emissions of 25,000 tonnes of CO 2 -equivalent per year or more (excluding emissions from transport fuels and some synthetic greenhouse gases)—will need to buy and surrender to the Government a permit for every tonne they produce.

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T&E: Rising use of private jets sends CO2 emissions soaring

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And yet, super-rich super polluters are flying around like there’s no climate crisis. Despite the disproportionate climate impact, private jets are untaxed in most European nations because of exemptions from the EU’s carbon pricing scheme (EU ETS) and untaxed kerosene. One operator reported an 11.3% —Andrew Murphy.

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Senators Sanders, Boxer propose legislation to institute GHG price on large stationary sources and remove support for fossil fuel industries

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The legislation also proposes numerous actions against financing and support for fossil fuel industries. Imported fuels and products would also be charged the same carbon fee that domestic fuels and products play, unless the exporting nation has similar climate program and already charges a fee on carbon. Debt reduction.

Industry 259
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Study finds higher gasoline taxes do not disproportionately impact the poor, especially in developing countries

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Sterner is lead author in the UN climate panel’s (IPCC) working group Mitigation of Climate Change. Sterner is also the editor of the new book Fuel Taxes and the Poor, The Distributional Effects of Gasoline Taxation and Their Implications for Climate Policy , authored by 35 researchers. —Thomas Sterner.

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