Toward a global low carbon fuel standard
A new policy instrument, known as a low carbon fuel standard (LCFS), is a promising approach to decarbonize transportation fuels. An LCFS has several important features: it applies a lifecycle carbon intensity standard, incorporates market mechanisms by allowing credit trading and targets all transport fuels. A harmonized international framework is needed that builds on newly enacted LCFS policies adopted in California and the European Union.
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Volume (Year): 17 (2010)
Issue (Month): 1 (January)
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References listed on IDEAS
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- Robert N. Stavins, 2008. "Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System," Working Papers 2008.67, Fondazione Eni Enrico Mattei.
- Stavins, Robert, 2007. "Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System," Working Paper Series rwp07-053, Harvard University, John F. Kennedy School of Government.
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