@article {Karplus:2015:0022-5258:517,
title = "The Global Energy, CO2 Emissions, and Economic Impact of Vehicle Fuel Economy Standards",
journal = "Journal of Transport Economics and Policy (JTEP)",
parent_itemid = "infobike://lse/jtep",
publishercode ="lse",
year = "2015",
volume = "49",
number = "4",
publication date ="2015-10-01T00:00:00",
pages = "517-538",
itemtype = "ARTICLE",
issn = "0022-5258",
url = "https://www.ingentaconnect.com/content/lse/jtep/2015/00000049/00000004/art00002",
author = "Karplus, Valerie J. and Kishimoto, Paul N. and Paltsev, Sergey",
abstract = "Fuel economy standards for new light-duty passenger vehicles have recently been adopted or tightened in many nations. Using a global computable general equilibrium (CGE) model, we analyse the combined effect of existing and accelerated national and regional fuel economy standards on
demand for petroleum-based fuels, CO2 emissions, and economic cost, and compare the results to a carbon pricing scenario with identical emissions reductions. We find that fuel economy standards are less cost-effective than a carbon price, with year-on-year consumption loss rising
to 10 per cent of global GDP in 2050 under fuel economy standards, compared with 6 per cent under carbon pricing.",
}