Ceres transportation related reports
ANALYST BRIEF: Affordability of Vehicles Under the Current National Program in 2022-2025 for Detroit Three Automakers
Dec 19, 2016
- Declining affordability has been cited by opponents of maintaining 2022-25 fuel economy regulations. According to their argument, as manufacturers pass on to their customers the cost of meeting the regulations, vehicle prices will rise, resulting in fewer sales and preventing many middle-class Americans from purchasing new vehicles. This paper addresses the affordability issue, and shows that rising new car and light truck transactions prices reflect automaker strategy and consumer preferences, with regulation-driven cost increases playing a much smaller role.
Investor Expectations of Automotive Companies: Shifting Gears to Accelerate the Transition to Low Carbon Vehicles
Oct 11, 2016
- The purpose of this document is to provide a guide for investors to have constructive engagement with the boards of automotive companies to consider and direct more sustainable strategies that aim to mitigate the long term climate change-related risks to investors. It is to be used as required by investors in their engagement with companies.
Analyst Brief: Economic Effects on US Automakers and Suppliers
Jun 27, 2016
Analysis: Automakers and Suppliers MPG Standards Fact Sheet
Jun 27, 2016
Accelerating U.S. Clean Energy Deployment: Investor Policy Priorities
Sep 08, 2015
- International investment to mitigate climate change is far below levels needed to reach the two-degree target. The International Energy Agency estimates that an average of an additional $1 trillion in incremental financing for clean energy is needed to meet the temperature target.
California’s Low Carbon Fuel Standard: Compliance Outlook for 2020
Jun 13, 2013
- California’s Low Carbon Fuel Standard requires a 10 percent reduction in the carbon intensity of transportation fuels by 2020, as measured on a lifecycle basis. The goals of the program are to reduce greenhouse gas emissions from the transportation sector, diversify the transportation fuels sector, and to spur investment and innovation in lower carbon fuels. This report represents the first phase of a two-phase, year-long project assessing the economic and environmental impacts of compliance with California’s LCFS out to 2020.
Fuel Economy Focus: Industry Perspectives on 2020
Apr 04, 2012
- In collaboration with Citi Investment Research and the Investor Network on Climate Risk, Ceres, along with Oakland University’s School of Business Administration, Baum and Associates, and Meszler Engineering Services simulated the impact that the proposed U.S. Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) emissions program might have on the industry in 2020. The analysis is meant to provide investors with a framework for evaluating the potential industry impact from tightening regulations.
More Jobs Per Gallon: How Strong Fuel Economy/GHG Standards Will Fuel American Jobs
Jul 30, 2011
- This Ceres report focuses on the economic impacts of strengthening fuel economy and greenhouse gas (GHG) emission standards for passenger vehicles sold in the United States. The analysis finds that stronger standards—more miles and fewer emissions per gallon—would lead to greater economic and job growth, both within the auto industry and in the broader economy as a whole.
Fuel Economy Focus: Perspectives on 2020 Industry Implications
Mar 30, 2011
- March 2011 - This fuel economy analysis, conducted in partnership with Citi Investment Research & Analysis, evaluates the potential impact that changes to the U.S. Corporate Average Fuel Economy (CAFE) and greenhouse gas (GHG) emissions standards may have on the auto industry in 2020. Federal and California state agencies tasked with developing these standards are expected to send their recommendations to the White House as early as May.
CAFE and the U.S. Auto Industry Revisited: A Growing Auto Investor Issue (2011 - 2016)
Oct 08, 2009
- October 2009 - This report evaluates the impact that changes to the U.S. Corporate Average Fuel Economy (CAFE) program may have on the industry in 2016. We have issued this report as a follow-up to Citi’s October 22, 2007 report “CAFE and the U.S. Auto Industry – A Growing Auto Investor Issue, 2012-2020” in which we examined the impact of proposed fuel economy regulation on the U.S. auto industry.
Climate Risk Disclosure in SEC Filings: An Analysis of 10K Reporting by Oil and Gas, Insurance, Coal, Transportation and Electric Power Companies
Jun 10, 2009
- June 2009 - This Ceres/Environmental Defense Fund report evaluates the current state of climate risk disclosure by 100 global companies in five sectors that have a strong stake in preparing for a low carbon future: electric utilities, coal, oil and gas, transportation and insurance. It assesses climate risk disclosure in the SEC filings made by these companies in Q1 2008, and finds very limited disclosure.
Global Climate Disclosure Framework for Automobile Companies
Mar 08, 2009
- March 2009 - This disclosure framework focuses on the business issues and indicators specific to the auto sector, and can be used as a reporting tool through both the Carbon Disclosure Project (CDP) and the Global Reporting Initiative (GRI).
CAFE and the U.S. Auto Industry: A Growing Auto Investor Issue, 2012-2020
Oct 06, 2007
- October 2007 - A new analysis by Citi, Ceres and the Investor Network on Climate Risk (INCR) finds that the Senate proposal to raise fuel economy standards for U.S. cars and trucks will have only minor impact on shareholders of auto companies.
Climate Risk and Energy in the Auto Sector
Apr 06, 2006
- April 2006 - The report, Climate Risk and Energy in the Auto Sector - Guidance for Investors and Analysts on Key Off-balance Sheet Drivers, highlights key findings from an auto analyst briefing where Wall Street analysts, institutional investors, and auto industry experts gathered to discuss the impacts of high oil prices, fuel efficiency and foreseeable climate change regulations on the future of the auto industry. The Ceres report analyzes several key trends that could affect the valuation of auto companies' securities.