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lcfs -- Low Carbon Fuel Standards Article by Sperling and Yeh

Posted: 05 Feb 2009 11:06:49
ARB staff has posted the article identified below to the Low
Carbon Fuel Standard (LCFS) web site
(http://www.arb.ca.gov/fuels/lcfs/1208lcfs_issues.pdf).   A
synopsis follows:

In this overview of the range of the approaches that have been
taken to the problem of reducing petroleum consumption (whether
to decrease dependence on foreign oil, or to reduce fuel carbon
intensity), Sperling and Yeh show why California’s proposed LCFS
should be successful where other programs have failed.  Prior
efforts fell short because they prescribed specific solutions
(methanol, electric vehicles, mandated biofuel production levels
etc.) without anticipating petroleum fuel price fluctuations. 
Economic incentives such as carbon taxes and
cap-and-trade-programs are more promising but are not likely to
significantly alter transportation fuel markets in the short term
because these markets are singularly unresponsive to even large
price fluctuations.  Unlike these approaches, the LCFS is
performance-based:  industry rather than government ‘picks’ the
fuels it will use to achieve compliance.  

Reference:
Sperling, Daniel and Sonia Yeh.  Winter 2009.  “Low Carbon Fuel
Standards.”  Issues in Science and Technology:   57-66.  A
publication of the National Academies of Science.



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