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ID:
094231
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| Publication |
2010.
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| Summary/Abstract |
Even as the US debates an economy-wide CO2 cap-and-trade policy the transportation sector remains a significant oil security and climate change concern. Transportation alone consumes the majority of the US's imported oil and produces a third of total US Greenhouse-Gas (GHG) emissions. This study examines different sector-specific policy scenarios for reducing GHG emissions and oil consumption in the US transportation sector under economy-wide CO2 prices. The 2009 version of the Energy Information Administration's (EIA) National Energy Modeling System (NEMS), a general equilibrium model of US energy markets, enables quantitative estimates of the impact of economy-wide CO2 prices and various transportation-specific policy options. We analyze fuel taxes, continued increases in fuel economy standards, and purchase tax credits for new vehicle purchases, as well as the impacts of combining these policies. All policy scenarios modeled fail to meet the Obama administration's goal of reducing GHG emissions 14% below 2005 levels by 2020. Purchase tax credits are expensive and ineffective at reducing emissions, while the largest reductions in GHG emissions result from increasing the cost of driving, thereby damping growth in vehicle miles traveled.
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| 2 |
ID:
103612
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2011.
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| Summary/Abstract |
In a quest for strategic and environmental benefits, the developed countries have been trying for many years to increase the share of alternative fuels in their transportation fuel mixes. They have met very little success though. In this paper, we examine the experience of Argentina with compressed natural gas. We conducted interviews with a wide range of stakeholders and analyzed econometrically data collected in Argentina to investigate the factors, economic, political, and others that determined the high rate of adoption of this fuel. A central objective of this research was to identify lessons that could be useful to developed countries in their efforts to deploy alternative fuel vehicles. We find that fuel price regulation was a significant determinant of the adoption of compressed natural gas, while, contrary to expectations, government financing of refueling infrastructure was minimal.
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