President Barack Obama, center, is applauded in the Rose Garden of the White House in Washington, May 19, 2009, during an announcement on new fuel and emission standards for cars and trucks.
"Obama's Fuel-Efficiency Plan? Not So Efficient"
May 20, 2009
Author: Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
"This week, the Obama administration proposed new federal fuel-efficiency standards for motor vehicles that would make the current standards — known as Corporate Average Fuel Economy, or CAFE, standards — significantly more stringent. These CAFE standards measure compliance as the average of a company's entire fleet of cars, and so are better than model-by-model standards, both for lowering production costs and for matching consumer preferences.
Other good news is that the administration's proposal will yield a single standard nationwide, instead of the two different standards that would exist when California's standards come into force. The dual standards would have increased costs, but with no additional benefit to the environment...."
Read the entire op-ed here.
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