Recent changes to US Corporate Average Fuel Economy (CAFE) regulations that allow for
credit banking and trading have created new opportunities for lowering the cost of meeting …

Recent changes to the Corporate Average Fuel Economy (CAFE) standards have created
new opportunities for lowering the cost of meeting strict new standards through provisions …

Corporate average fuel economy (CAFE) regulations specify minimum standards for fuel
efficiency that vehicle manufacturers must meet independently. We design a system of …

Prices of tradable credits in environmental regulations reveal information about abatement
costs. This information guides regulatory assessments and future changes to the …

This research examines the economic implications of different designs for a national low
carbon fuel standard (NLCFS) for the road transportation sector. A NLCFS based on the …

California's long-running Zero Emissions Vehicle (ZEV) program represents a unique policy
approach for reducing greenhouse gas emissions from the transportation sector. It mandates …

Raising the price of carbon can reduce greenhouse gas emissions and galvanize a clean
economy transition. Meeting the Paris Agreement not only requires reducing emissions to …

Publisher Summary Global warming is a worldwide problem that is growing in importance.
Carbon released during fossil fuel burning is the primary contributor to greenhouse gas …

We experimentally compare the performance of two multi-type environmental credit trading
markets. The first trading market is called the multiple market (MM) institution, which allows …

The implementation of the parallel management method for Corporate Average Fuel
Consumption (CAFC) and New Energy Vehicles (NEV) Credits (thereafter “the dual-credit …