This paper considers the current proposal to extend the EU ETS to cover CO2 emissions from the combustion of heating and road transport fuels. We argue that increased coverage of the EU ETS, together with a binding cap consistent with a net zero trajectory, would provide an EU-wide quantity backstop ensuring that the EU’s cumulative…
Tag: transportation
Winter Ends
There is a common assumption that all-electric automobiles, powered by lithium-ion batteries, are the future of vehicle transportation. It is argued here that this is not the likely outcome, especially in the less-developed countries. Use of photovoltaic (PV) cells, in conjunction with gasoline or hydrogen-hybrids, will be less expensive, and more likely to be adopted…