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...

1. Introduction -- 2. Inventory -- 3. Diagnosis -- 4. Definition of policies, objectives, and criteria -- 5. Institutional and financial analysis -- 6. Supply analysis -- 7. Demand analysis -- 8. Operational and capital improvements -- 9. Forecast of interzonal movements on the road network --...

Understanding the sensitivity of gasoline demand to changes in prices and income has important implications for policies related to climate change, optimal taxation and national security, to name only a few. While the short-run price and income elasticities of gasoline demand in the United...