Steering the European Transport Greenhouse Gas Emissions under Uncertainty

This article describes how EU members might regulate transport-related greenhouse gas emissions in order to meet Kyoto Protocol goals. After analyzing different alternatives, the author suggests the solution may rest in coupling a cap-and-trade regime with an emissions tax and/or a fine may be the most efficient. He points out that if emitters’ cost structures are not certain, transport and other energy intensive industry will face different ‘prices” for emissions, which will mean that abatement efforts will not be cost-effectively distributed between sectors. In addition, given the presence of uncertainty in emission levels from the transport sector a situation could arise where the EU would be unable to meet its goals owing to high emission levels. For this reason, the author argues, it may be better to adopt a quantitative regulation for the transport sector. He notes, in addition, that the design of the policy depends on the relation between abatement cost and abatement benefits within the transport sector.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01150447
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Feb 4 2010 7:33PM