Saving Oil and Reducing Co2 Emissions in Transport
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A Climate Solution Concept
A Climate Solution Concept Jonathan Pershing, Ph.D. Robert Bradley A Climate Solution Concept by Jonathan Pershing, Ph.D. and Robert Bradley July 2005 A Climate Solution Concept Executive Summary While climate change is one of the most pressing problems facing the world, it is also proving to be one of the most intractable. Political, economic and cultural differences between countries have led to different policy choices. This paper examines several alternatives that might be considered as supplements to the evolving international, legally binding climate regime. In particular, this paper proposes sub-global options – and focuses particular attention on examples of these that might be promoted by a Climate Working Group established by the Group of Eight industrialized nations (G8) to include G8 member countries plus a number of key developing countries such as China, India and Brazil. Two categories are discussed: technology options and the evolution of emissions markets outside of the Kyoto framework. Within the technology arena, numerous alternatives might be worth concerted attention of a Climate Working Group. This paper evaluates three: • Cleaning up coal. Today’s coal-fired utilities largely employ a technology that makes capture of carbon dioxide (CO2) from the waste stream extremely difficult. Supporting the penetration of a new, although more expensive, technology – integrated gasification combined cycle (IGCC) – would allow significant reduction in these capture costs. Combined with the development of technologies to sequester carbon (still untested at commercial scales), a switch to this new technology could yield major CO2 savings: if all new coal fired power in the United States, China and India by 2030 were IGCC with carbon capture, nearly 900 million tons CO2 could be saved annually (or approximately 10 percent of these countries’ annual CO2 emissions from power generation). -
Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Automobile Market Job Market Paper
Abatement Strategies and the Cost of Environmental Regulation: Emission Standards on the European Automobile Market Job Market Paper Mathias Reynaert September 2014 Abstract Emission standards are one of the major policy tools to reduce green house gas emissions from transportation. The welfare e¤ects from this type of regulation are di¢ cult to evaluate as they depend on how …rms choose to comply. This paper studies the response of …rms to a new emission standard in the European car market using panel data covering 1998-2011. The data show that …rms choose to comply with the new regulation by heavily investing in new technology rather than adjusting the sales mix of their existing ‡eet. On average, vehicles are about 14% more CO2 e¢ cient in 2011 than in 2007. To evaluate the welfare e¤ects of this response I estimate a structural model using data from before the policy announcement and explicitly test how well the model is able to predict prices and sales after the large increase in fuel e¢ ciency. I …nd that, because the abatement is done by technology adoption, the regulation is bene…cial to both consumers and …rms, but has only moderate e¤ects on the reduction of greenhouse gas emissions because of increases in total sales. If …rms had reacted by shifting relative prices of products with di¤erent fuel e¢ ciency the regulation would have resulted in large losses to consumer surplus and pro…ts but higher savings in emissions. University of Leuven, University of Antwerp and Ph.D. fellow of the Research Foundation Flanders (FWO) Email: Math- [email protected]. -
On the Road Again a Financial and Extra-Financial Analysis of the Auto Industry
SRI - EFI Sector Research On the road again A Financial and Extra-financial Analysis of the Auto Industry p Caught in the void Î fuel prices, carbon and pollution p Charting new terrain becomes key Î alternative power trains p Cost is king Î it determines the way forward p Don’t forget Î governance, BRICs, legacy costs and offshoring p Toyota is our global champion Î other winners could emerge Pierre-Yves Quéméner, Financial Analyst +33 1 45 96 77 63 [email protected] November 2005 Valéry Lucas Leclin, SRI Analyst +33 1 45 96 79 23 [email protected] Sarj Nahal, SRI Analyst +33 1 45 96 78 75 [email protected] On the road again This report follows a request from a group of asset managers working with the United Nations to analyse the environmental, social and corporate governance issues that may be material for company performance and to then identify potential impact on company valuations. The United Nations Environment Programme Finance Initiative (UNEP FI) works closely with 160 financial institutions worldwide, to develop and promote linkages between the environment, sustainability and financial performance. UNEP FI Asset Management Working Group (AMWG) explores the association between environmental, social, and governance considerations and investment decision-making. Asset Managers that have participated in this project have combined mandates of 1.7 trillion USD. Asset managers: ABN AMRO Asset Management Brazil Acuity Investment Management BNP Paribas Asset Management BT Financial Group Calvert Group Citigroup Asset Management -
GAO-10-486 Auto Industry: Lessons Learned from Cash for Clunkers Program
United States Government Accountability Office Report to Congressional Committees GAO April 2010 AUTO INDUSTRY Lessons Learned from Cash for Clunkers Program GAO-10-486 April 2010 AUTO INDUSTRY Accountability Integrity Reliability Highlights Lessons Learned from Cash for Clunkers Program Highlights of GAO-10-486, a report to congressional committees Why GAO Did This Study What GAO Found In July and August 2009, the federal Members of Congress and administration officials articulated two broad government implemented the objectives for the CARS program: (1) help stimulate the economy and (2) put Consumer Assistance to Recycle more fuel-efficient vehicles on the road. The program achieved these broad and Save (CARS) program, or objectives; however, the extent to which it did so is uncertain. For example, “Cash for Clunkers,” a temporary nearly 680,000 consumers purchased or leased vehicles using the program’s vehicle retirement program that credit, yet some of these sales would have happened anyway. Among others, offered consumers a monetary NHTSA estimated how many sales were directly attributable to the program. credit ($3,500 or $4,500) to trade in In its report to Congress, the agency estimated that 88 percent of the 677,842 an older vehicle for a new, more CARS transactions approved at the time of its report were directly attributable fuel-efficient one. The National to the program. Additionally, NHTSA found that the average combined fuel Highway Traffic Safety economy of new vehicles purchased or leased under the program was 24.9 Administration (NHTSA) was miles per gallon, compared with 15.7 miles per gallon for vehicles traded in. -
Qualitative Effects of “Cash-For-Clunkers” Programs*
Qualitative Effects of “Cash-for-Clunkers” Programs ? Eugenio J. Miravete† Mar´ıaJ. Moral‡ October 5, 2011 Abstract “Cash-for-Clunkers” programs are credited with increasing automobile sales only temporarily. We analyze the Spanish automobile market during the 1990s to argue that such policy inter- ventions may induce permanent qualitative effects by shifting the demand towards fuel efficient vehicles, thus changing the composition of the automobile fleet in the long run. Between 1994 and 2000 the market share of diesel automobiles increased from 27% to 54%. Sales of diesel vehicles after the Spanish government sponsored two scrappage programs was more important across most popular market segments. As diesel vehicles became mainstream they also became closer substitutes to gasoline models. Keywords: Scrappage Programs, Fuel Efficiency, Diffusion of New Durable Goods, Diesel Engines, TDI Technology. JEL Codes: L51, L62, Q28. ? We thank comments by Kenneth Hendricks, Consuelo Paz´o,Pasquale Schiraldi, Philipp Schmidt-Dengler, and audiences at the University of Michigan and Texas-Austin, as well as the XI CEPR Conference on Applied Industrial Organization in Toulouse. We are solely responsible for any errors that may still remain. Moral gratefully acknowledges funding from the Spanish Ministry of Education and Science through grants SEJ2007-66520/ECON and ECO2008-05771. †The University of Texas at Austin, Department of Economics, BRB 1.116, 1 University Station C3100, Austin, Texas 78712-0301; and CEPR, London, UK. Phone: 512-232-1718. E–mail: [email protected]; http://www.eugeniomiravete.com ‡Facultad de Ciencias Econ´omicas y Empresariales, UNED, Paseo Senda del Rey, 11, 28040, Madrid, Spain; and GRiEE, Vigo, Spain; Phone: +34-91-398-8930. -
Comparison of Passenger Vehicle Fuel Economy and Greenhouse Gas Emission Standards Around the World
COMPARISON OF PASSENGER VEHICLE FUEL ECONOMY AND GREENHOUSE GAS EMISSION STANDARDS AROUND THE WORLD Prepared for the Pew Center on Global Climate Change Feng An ENERGY AND TRANSPORTATION TECHNOLOGIES LLC Amanda Sauer WORLD RESOURCES INSTITUTE COMPARISON OF PASSENGER VEHICLE FUEL ECONOMY AND GHG EMISSION STANDARDS AROUND THE WORLD Prepared for the Pew Center on Global Climate Change Feng An ENERGY AND TRANSPORTATION TECHNOLOGIES LLC Amanda Sauer WORLD RESOURCES INSTITUTE December 2004 The Pew Center and the authors would like to thank John DeCicco of Environmental Defense, Lew Fulton of the International Energy Agency, Paul Khanna of Natural Resources Canada, and Michael Walsh for their helpful comments on a previous draft of this report. Executive Summary Nine major regions around the world have implemented or proposed various fuel economy and greenhouse gas (GHG) emission standards. Yet these standards are not easily comparable, due to differences in policy approaches, test drive cycles, and units of measurement. This paper develops a methodology to compare these programs to better understand their relative stringency. The results are summarized by Figure ES. Key findings from the report include: ¤ The European Union (EU) and Japan have the most stringent standards in the world. ¤ The fuel economy and greenhouse gas emission performance of the U.S. cars and light trucks—both historically and projected based on current policies—lags behind most other nations. The United States and Canada have the lowest standards in terms of fleet-average fuel economy rating, and they have the highest greenhouse gas emission rates based on the EU testing procedure. ¤ The new Chinese standards are more stringent than those in Australia, Canada, California, and the United States, but they are less stringent than those in the European Union and Japan. -
The Stakes of Air Pollution in the Field of Transport Robert Joumard
The stakes of air pollution in the field of transport Robert Joumard To cite this version: Robert Joumard. The stakes of air pollution in the field of transport. 13th conf. International Society of Exposure Analysis, Sep 2003, stresa, Italy. hal-00917033 HAL Id: hal-00917033 https://hal.archives-ouvertes.fr/hal-00917033 Submitted on 11 Dec 2013 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. 13th conf. International Society of Exposure Analysis, Stresa, Italy, 21-25 Sept. 2003 The stakes of air pollution in the transport sector Robert JOUMARD French National Institute for Transport and Safety Research, Lab. Transport and Environment INRETS, case 24, 69765 Bron cedex, France. [email protected] Abstract The main pollutants are listed for today and the future according to the progression of air quality, as measured in France and in the European Union during the 90's, to the progression of pollutant emissions of road transport in France, as calculated for the period 1970-2020, and to the progression of public concern regarding air pollution and environment. These pollutants are headed by carbon dioxide, followed by nitrogen oxides and fine particulates. -
Electric Vehicle Adoption in Illinois
ANL-20/38 Electric Vehicle Adoption in Illinois About Argonne National Laboratory Argonne is a U.S. Department of Energy laboratory managed by UChicago Argonne, LLC under contract DE-AC02-06CH11357. The Laboratory’s main facility is outside Chicago, at 9700 South Cass Avenue, Argonne, Illinois 60439. For information about Argonne and its pioneering science and technology programs, see www.anl.gov. DOCUMENT AVAILABILITY Online Access: U.S. Department of Energy (DOE) reports produced after 1991 and a growing number of pre-1991 documents are available free at OSTI.GOV (http://www.osti.gov/), a service of the US Dept. of Energy’s Office of Scientific and Technical Information. Reports not in digital format may be purchased by the public from the National Technical Information Service (NTIS): U.S. Department of Commerce National Technical Information Service 5301 Shawnee Rd Alexandria, VA 22312 www.ntis.gov Phone: (800) 553-NTIS (6847) or (703) 605-6000 Fax: (703) 605-6900 Email: [email protected] Reports not in digital format are available to DOE and DOE contractors from the Office of Scientific and Technical Information (OSTI): U.S. Department of Energy Office of Scientific and Technical Information P.O. Box 62 Oak Ridge, TN 37831-0062 www.osti.gov Phone: (865) 576-8401 Fax: (865) 576-5728 Email: [email protected] Disclaimer This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor UChicago Argonne, LLC, nor any of their employees or officers, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. -
State Aid to Car Companies: Were Government Responses to the Auto Industry Crisis Different in the United States and Europe?
View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Carolina Digital Repository STATE AID TO CAR COMPANIES: WERE GOVERNMENT RESPONSES TO THE AUTO INDUSTRY CRISIS DIFFERENT IN THE UNITED STATES AND EUROPE? Charles Kingsley Coates-Chaney A thesis submitted to the faculty of the University of North Carolina at Chapel Hill in partial fulfillment of the requirements for the degree of Master of Arts in the Department of Political Science, Concentration European Governance. Chapel Hill 2013 Approved by: Gary Marks Graeme Robertson Lisbet Hooghe ABSTRACT CHARLES KINGSLEY COATES-CHANEY: State Aid to Car Companies: Were Government Responses to the Auto Industry Crisis Different in the United States and Europe? (Under the direction of Gary Marks) The global recession in 2008 and 2009 hit car companies particularly hard. The effects were felt on both sides of the Atlantic. In this time of crisis, governments responded with many support programs to private finance and industry that had to work within WTO and EU competition rules. In the United States, General Motors and Chrysler received billions in guaranteed loans, car scrappage programs, and bankruptcy benefits. In Europe, the French government granted billions of euros in loans to its national champions PSA and Renault, as well as providing a car scrappage program and aid to individual factories. The German government focused its aid on a car scrappage program and aid to targeted factories. In the end, the different regulatory environments had less impact on making different state aid programs than did the differences in their domestic industry profiles. -
Monitoring of ACEA's Commitment on CO2 Emission Reductions from New Passenger Cards, As Endorsed by the Commission's Recommendation 1999/125/EC
Monitoring of ACEA’s commitment on CO2 Emission Reduction from Passenger Cars (1995-1999) Final version 10. 07. 2000 Joint Report of the European Automobile Manufacturers Association and the Commission Services Annex 1 Joint Monitoring by European Commission and ACEA of Environmental Agreement on CO2 Emission Reduction from Passenger Cars ES SUMMARY OF PROGRESS IN DELIVERING THE AGREEMENT E1 Trends in specific emissions of CO2 (g/km) (averaged over all newly registered passenger cars for the EU and for Member States: 1995-1999) On an EU-wide basis, ACEA's CO2 emissions have decreased steadily, achieving in total reductions of more than 6% over the reporting period. From a new car average of 186 g/km in 1995, ACEA's CO2 emissions reduced to 174 g/km in 1999. In each year since 1995 sizeable cuts have been achieved, culminating in a 2% reduction from 1998 to 1999. ACEA CO2 figures by fuel-type show that, between 1995 and 1999, new gasoline-fuelled cars reduced average CO2 emissions by 4.3%, and for diesels there was a reduction of 8.5%. This corresponds to respectively 180 g/km and 161 g/km in 1999. In 1998 and 1999, the market share of diesel cars showed some expansion, as technically- advanced new direct-injection (DI) diesels came to market. A short-term increase in the market share of diesel cars is in line with expectations. In broad terms, this EU performance was replicated in all the Member States (See Annex). Also at Member State- level, many markets showed greater interest in diesels as new direct injection models became available (see Annex). -
The US Motor Vehicle Industry
The U.S. Motor Vehicle Industry: Confronting a New Dynamic in the Global Economy Bill Canis Specialist in Industrial Organization and Business Brent D. Yacobucci Specialist in Energy and Environmental Policy March 26, 2010 Congressional Research Service 7-5700 www.crs.gov R41154 CRS Report for Congress Prepared for Members and Committees of Congress The U.S. Motor Vehicle Industry: Confronting a New Dynamic in the Global Economy Summary This report provides an in-depth analysis of the 2009 crisis in the U.S. auto industry and its prospects for regaining domestic and global competitiveness. It also analyzes business and policy issues arising from the unprecedented restructurings that occurred within the industry. The starting point for this analysis is June-July 2009, with General Motors Company (GM or new GM) and Chrysler Group LLC (or new Chrysler) incorporated as new companies, having selectively acquired many, but not all, assets from their predecessor companies. The year 2009 was marked by recession and a crisis in global credit markets; the bankruptcy of General Motors Corporation and Chrysler LLC; the incorporation of successor companies under the auspices of the U.S. Treasury; hundreds of parts supplier bankruptcies; plant closings and worker buyouts; the cash-for-clunkers program; and increasing production and sales at year’s end. This report also examines the relative successes of the Ford Motor Company and the increasing presence of foreign-owned original equipment manufacturers (OEMs), foreign-owned parts manufacturers, competition from imported vehicles, and a serious buildup of global overcapacity that potentially threatens the recovery of the major U.S. -
Synthesizing Cash for Clunkers: Stabilizing the Car Market, Hurting the Environment?
Munich Personal RePEc Archive Synthesizing Cash for Clunkers: Stabilizing the Car Market, Hurting the Environment? Klößner, Stefan and Pfeifer, Gregor Saarland University, University of Hohenheim 23 July 2018 Online at https://mpra.ub.uni-muenchen.de/88175/ MPRA Paper No. 88175, posted 26 Jul 2018 12:21 UTC Synthesizing Cash for Clunkers: Stabilizing the Car Market, Hurting the Environment? Stefan Kl¨oßnerand Gregor Pfeifer∗ July 23, 2018 Abstract We examine the impact of the e 5 billion German Cash for Clunkers program on vehicle reg- istrations and respective CO2 emissions. To construct proper counterfactuals, we develop the multivariate synthetic control method using time series of economic predictors (MSCMT) and show (asymptotic) unbiasedness of the corresponding effect estimator under quite general con- ditions. Using cross-validation for determining an optimal specification of predictors, we do not find significant effects for CO2 emissions, while the stimulus’ impact on vehicle sales is strongly positive. Modeling different buyer subgroups, we disentangle this effect: 530,000 purchases were simply windfall gains; 550,000 were pulled forward; and 850,000 vehicles would not have been purchased in absence of the subsidy, worth e 17 billion. JEL Codes: C31; C32; D04; D12; H23; H24; L62; Q51 Keywords: Generalized Synthetic Controls; Cross-Validation; Cash-for-Clunkers; CO2 Emissions ∗Pfeifer (corresponding author): University of Hohenheim, Department of Economics, 520B, D-70593, Stuttgart, Germany; +4971145922193; [email protected].