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Performance-based low carbon fuel standards (LCFS) of the type implemented in California and being adopted in the European Union, are a promising policy approach for decarbonizing transport fuels and reducing fossil fuel use. This paper examines the efficacy of LCFS policies, along with four...
Persistent link: https://www.econbiz.de/10014198693
The abundance and low cost of petroleum over the past 150 years has enabled rapid economic growth and extraordinary mobility advancements. But dependence on petroleum fuels also has large downsides, including dependence on insecure supplies, volatile prices causing high economic costs, polluted...
Persistent link: https://www.econbiz.de/10014167839
The use of biofuels can increase land competition, leading to global land use change (LUC). LUC poses risks such as increased greenhouse gas emissions and food prices. The magnitude of the risk is uncertain, but could be significant. Given these uncertainties and risks, we suggest that...
Persistent link: https://www.econbiz.de/10011047208