Campus Units

Economics

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

2015

Journal or Book Title

Research in Transportation Economics

Volume

52

First Page or Article ID Number

91

Last Page

99

DOI

10.1016/j.retrec.2015.10.009

Abstract

Low carbon fuel standards (LCFS) are increasingly common policy tools used to decrease emissions and increase the penetration of renewable energy technologies in the transportation sector. In this paper, we discuss important design elements of the policy, and provide a background on prominent policies that are currently enacted or proposed. The economics of an LCFS are presented using a simple conceptual model, and the economic literature on the policy is reviewed. Important opportunities to build on the extant literature are identified, including studying the role of low carbon fuel standards in spurring technical change, and the interaction of the policy with other federal and state transportation policies.

JEL Classification

H23, Q40, Q50

Comments

NOTICE: this is the author’s version of a work that was accepted for publication in Research in Transportation Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Research in Transportation Economics, [52, (2015)] DOI: 10.1016/j.retrec.2015.10.009.

Copyright Owner

Elsevier Ltd.

Language

en

File Format

application/pdf