Global Transportation Decarbonization
Journal of Economic Perspectives
vol. 37,
no. 3, Summer 2023
(pp. 163-88)
(Complimentary)
Abstract
Replacing fossil fuels in the name of decarbonization is necessary but will be particularly difficult due to their as-yet unrivaled bundle of attributes: abundance, ubiquity, energy density, transportability and cost. There is a growing commitment to electrification as the dominant decarbonization pathway. While deep electrification is promising for road transportation in wealthy countries, it will face steep obstacles. In other sectors and in the developing world, it's not even in pole position. Global transportation decarbonization will require decoupling emissions from economic growth, and decoupling emissions from growth will require not only new technologies, but cooperation in governance. The menu of policy options is replete with grim tradeoffs, particularly as the primacy of energy security and reliability (over emissions abatement) has once again been demonstrated in Europe and elsewhere.Citation
Rapson, David ⓡ Erich Muehlegger. 2023. "Global Transportation Decarbonization." Journal of Economic Perspectives, 37 (3): 163-88. DOI: 10.1257/jep.37.3.163Additional Materials
JEL Classification
- L91 Transportation: General
- L94 Electric Utilities
- O44 Environment and Growth
- Q38 Nonrenewable Resources and Conservation: Government Policy
- Q48 Energy: Government Policy
- Q58 Environmental Economics: Government Policy
- R41 Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
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