Transportation Fuels & Carbon Markets: How Might a Carbon-based Trading System Develop?
Awarded to Christopher Knittel, Chevron Technology Ventures/UCD, $78,956
This project will develop several options for market-based regulations to improve the greenhouse gas emissions characteristics of transportation fuels. The goal is to better understand how carbon-based fuel policies may be implemented in the transportation sector. Key questions include use of emission caps versus intensity targets, and single sector vector versus multi-sector approaches. We will investigate different program designs and analyze the likely costs and feasibility of different designs with special focus on biofuels.