Global Transportation Decarbonization

Author:

Rapson David1,Muehlegger Erich2

Affiliation:

1. David Rapson is Chancellor’s Leadership Professor, at University of California—Davis, Davis, California. Rapson is also a Policy Advisor and Senior Research Economist, Federal Reserve Bank of Dallas, Dallas, Texas.

2. Erich Muehlegger is Professor of Economics, at University of California—Davis, Davis, California. Muehlegger is also a Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts. ).

Abstract

Replacing fossil fuels in the name of decarbonization is necessary but will be particularly difficult due to their as-yet unrivaled bundle of attributes: abundance, ubiquity, energy density, transportability and cost. There is a growing commitment to electrification as the dominant decarbonization pathway. While deep electrification is promising for road transportation in wealthy countries, it will face steep obstacles. In other sectors and in the developing world, it’s not even in pole position. Global transportation decarbonization will require decoupling emissions from economic growth, and decoupling emissions from growth will require not only new technologies, but cooperation in governance. The menu of policy options is replete with grim tradeoffs, particularly as the primacy of energy security and reliability (over emissions abatement) has once again been demonstrated in Europe and elsewhere.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

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