Economic and Emissions Impacts of Fuel Decarbonization
Study Released May 08, 2019
Fuel decarbonization, also referred to as a low-carbon fuel standard, is a policy or regulation to reduce carbon-intensity (CI) usually in transportation fuels as compared to conventional petroleum fuels, such as gasoline and diesel. Traditionally, the main objective of fuel decarbonization is to decrease carbon dioxide emissions associated with vehicles powered by various types of internal combustion engines while considering the entire life cycle ("well to wheels") carbon footprint of transportation.
This project evaluates the potential greenhouse gas (GHG) emissions reduction of fuel decarbonization scenarios and their overall economic cost. The analysis explores two scenarios to reduce the carbon intensity of gaseous, liquid, and solid fuels against the Business as Usual (BAU) scenario. The study assesses how these three fuel types affect the industrial (including agriculture), transportation and building sectors.