Analyzing US transportation efficiency standards, beyond the National Energy Strategy (NES)

TL;DRAbstract

Considerable attention has been focused on increasing fuel efficiency standards through new corporate average fuel efficiency (CAFE) standards. This has been justified by its proponents on the basis of saving energy to enhance energy security and increasing environmental quality through reduced emissions of air pollutants, including CO{sub 2}. Opponents of this approach argue that the energy security and environmental benefits obtained by increasing CAFE standards are not high enough, or in the case of CO{sub 2} too uncertain, to justify the costs of this action and that the best approach is to allow energy efficiency to be determined uncertain, to justify the costs of this action and that the best approach is to allow energy efficiency to be determined by long-run market forces. A part of the current debate about CAFE standards is centered on the relationship between the impacts of CAFE standards on energy consumption and CO{sub 2} emissions and the corresponding effects of the Presid

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