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The Importance of Pricing Transportation Fuels within California’s Cap-and-Trade Program

Abstract: 
The report outlines the cap-and-trade system and the necessity of including transportation fuels within California’s Cap-and-Trade program. Knittel argues that not including fuels within the cap will lead to reduced market opportunities for low-carbon fuels, increased criteria-pollutant emissions, and is essential the same as subsidies for large green house gas emitting firms. He also argues of other co-benefits environmentally and economically, and of the need to set a positive model for other cap-and-trade programs.
Author: 
Christopher R. Knittel
Institution: 
Center for Energy and Environmental Policy Research, Massachusetts Institute of Technology
Input By: 
Daniel Kilcoyne
Affiliation: 
MIT
Industry Focus: 
Energy
Transport
Legal & Financial
Country: 
United States
Datatype(s): 
Models
Policies
Theory/Definition