EMS 542 reading set 6 - Review of article Overlooked Tool...

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Review of article: “Overlooked Tool to Fight Climate Change: A Tweak in Fuel Standards” Prasad Naik
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About the Article This article was published in New York times on its blog The Upshot on MARCH 28, 2016 by Michael Greenstone, the Milton Friedman professor of economics at the University of Chicago, runs the Energy Policy Institute there. The article talked about the world leading problem of Green house gas and mainly about CO2 from Automobiles. The Author suggested that there is the legislation in place in USA under the CORPORATE AVERAGE FUEL ECONOMY ( CAFÉ) Act which can be used to raise the fuel efficiency of automobile and in turn reducing the GHG emission. He goes into explaining the loopholes in the current CAFÉ act and how they are exploited. Integrating CAFÉ with Cap and Trade program EMS 504 Economics of Energy System
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US Greenhouse Gas Emissions & Transportation The US is the world’s second largest emitter of greenhouse gases Emissions have grown more slowly since 2000. Transportation accounts for about 28 percent of gross emissions. Cars & light trucks account for almost 60 percent of transport emissions.
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What is CAFÉ Act?
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