Reducing Oil Dependence through Energy and Climate Policy

Thu, 29 Apr 2010 19:00:00 GMT

The Environmental and Energy Study Institute (EESI) invites you to a briefing to examine the potential effects of pending energy and climate legislation on the transportation sector and U.S. dependence on oil. Policies that create a sustained, stable, and predictable price on carbon for transportation fuels have the potential to promote fuel-efficient vehicles, low-carbon fuels, and more energy-efficient transportation decisions by businesses and consumers. However, how such a price is determined, how it is applied, and how generated revenues are used can greatly influence the benefits and costs of such a policy. This briefing will focus on the economic and environmental implications of alternative ways to reduce oil use and greenhouse gas emissions in the transportation sector and how key stakeholders are likely to respond. Speakers for this event include:
  • Dr. David Montgomery, Vice-President, Charles River Associates
  • Dr. Chad Stone, Chief Economist, Center for Budget and Policy Priorities
  • Dr. Adele Morris, Policy Director for Energy and Climate Economics, Brookings Institution
  • Dr. David Austin, Senior Economist, Congressional Budget Office
  • Jack Basso, Director of Program Finance and Management, American Association of State Highway and Transportation Officials (AASHTO)
  • James Corless, Director, Transportation for America
  • Patrick O’Connor, Legislative Counsel, NAFA Fleet Management Association

Fuel use in the transportation sector is widely regarded to be less sensitive to changes in price, relative to electricity and other sectors of the economy, due in part to limited availability of transportation options and substitutes for petroleum fuels. Recent swings in fuel prices, corresponding demand responses, and other research suggest, however, that modest price signals - especially sustained price signals - can spur investments in clean transportation and create significant benefits for the transportation sector. Options to create a carbon price through a fee on transportation fuels can be designed to be as effective and predictable as other policy options based on tradable allowances. Any revenues generated through such policies can be returned to consumers and businesses, reinvested in transportation infrastructure and advanced vehicle and fuel technology, or directed to a combination of public uses.

This briefing is free and open to the public. No RSVP required. For more information, please contact Jan Mueller at jmueller@eesi.org or (202) 662-1883.

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