Given that the transportation sector is the largest contributor to U.S. greenhouse gas emissions driving climate change, we need to move quickly to decarbonize the sector. Fortunately, cleaner vehicles, cleaner fuels and new transportation models are creating new opportunities for the sector to reduce carbon pollution while boosting benefits to consumers, businesses, and the broader economy.
Ceres is working with members of our Investor Network and Company Networks to transform the transportation sector by strengthening vehicle and fuel standards and promoting the deployment of clean vehicles and fuels.
In addition to cutting carbon emissions and decreasing our dependence on petroleum, strong fuel economy standards are vital to U.S. automakers’ competitiveness. Preserving current fuel economy standards will help create jobs, save businesses and consumers money and promote investment in the U.S. auto industry. Strong standards also drive innovation in clean vehicle technologies, enhancing the global competitiveness of the domestic auto industry. In addition, California’s Zero Emission Vehicle (ZEV) program, adopted by nine other states, is an important driver of electric vehicle deployment.
Clean Fuel Standards
A clean fuel standard requires fuel providers to gradually reduce the carbon intensity of their products over time. Clean fuel standards reduce our dependency on oil, expand the market for cleaner fuels, and provide significant public health and environmental benefits. California has a successful Low Carbon Fuel Standard (LCFS) in place which has resulted in a 36% increase in clean fuels use, $650 million investment in clean fuel production, and 16.6 million tons of carbon pollution avoided. The LCFS is a necessary complement to California’s cap and trade program, making it more affordable and
Working with members of Ceres Investor Network and Ceres BICEP Network, Ceres is building the business case for strong standards for clean vehicles and fuels and their deployment. We also work directly with auto companies in the Ceres Company Network to set ambitious sustainability goals to reduce the environmental impact of the cars and trucks we drive.
The bottom line is that strong fuel economy and clean fuel standards reduce climate emissions and other pollutants, drive investment in clean vehicle and fuel technologies, save businesses and consumers money at the pump and enhance U.S. competitiveness in an increasingly low-carbon economy.
March 15, 2017
Rollback of Clean Vehicle Standards Would Be Bad for Business, Consumers and the Economy
January 12, 2017