This paper describes California's Market Credit system for controlling vehicle emissions. Statistics are provided illustrating the extent of California's air pollution problems and proposed emissions targets are outlined. Under the Marketable Credits scheme vehicle manufacturers are allowed to average emissions across their vehicle fleet, bank emissions credits when they beat the standard and sell excess credits to other manufacturers unable to meet the standards. Other options available for reducing emissions and energy use are examined and compared to the Marketable Credits scheme. Three government approaches to intervention are discussed including: a) informational, b) direct regulation and c) economic instruments. Examples of each one one given. Cost savings due to Marketable Credits are estimated. For the covering abstract see IRRD 864909.


  • English

Media Info

  • Features: References;
  • Pagination: p. 193-205

Subject/Index Terms

Filing Info

  • Accession Number: 00668005
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • ISBN: 92-64-03868-X
  • Files: ITRD
  • Created Date: Nov 2 1994 12:00AM