| Rather than adopting an approach similar to the corporate average fuel economy (CAFE) standard in the United States, the European Union could achieve similar carbon dioxide emissions reductions simply by extending the existing emissions trading system to encompass transportation (in addition to the electricity generation and energy-intensive industries it currently covers), according to a new study from MIT and its research partners.
Using such an approach would be far cheaper (as far as costs to the economy) than utilizing something similar to the CAFE standard, the researchers involved argue............................................Full Article: Source
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