Light Duty Vehicle Transportation and Global Climate Policy: The Importance of Electric Drive Vehicles

44 Pages Posted: 24 Mar 2012

See all articles by Valentina Bosetti

Valentina Bosetti

Bocconi University; CMCC - Euro Mediterranean Centre for Climate Change

Thomas Longden

Macquarie University, Macquarie Business School; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Date Written: March 23, 2012

Abstract

With a focus on establishing whether climate targets can be met under different personal transport scenarios we introduce a transport sector representing the use and profile of light domestic vehicles (LDVs) into the integrated assessment model WITCH. In doing so we develop long term projections of light domestic vehicle use and define potential synergies between innovation in the transportation sector and the energy sector. By modelling the demand for LDVs, the use of fuels, and the types of vehicles introduced we can analyse the potential impacts on the whole economy. We find that with large increases in the use of vehicles in many regions around the globe, the electrification of LDVs is important in achieving cost effective climate targets and minimising the impact of transportation on other sectors of the economy.

Keywords: Light Duty Vehicles, Transportation, Climate Change Policy, Electric Drive Vehicles, Research and Development

JEL Classification: Q54, R41, O3

Suggested Citation

Bosetti, Valentina and Longden, Thomas, Light Duty Vehicle Transportation and Global Climate Policy: The Importance of Electric Drive Vehicles (March 23, 2012). FEEM Working Paper No. 11.2012. Available at SSRN: https://ssrn.com/abstract=2027826 or http://dx.doi.org/10.2139/ssrn.2027826

Valentina Bosetti

Bocconi University

Via Gobbi 5
Milan, 20136
Italy

CMCC - Euro Mediterranean Centre for Climate Change

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Thomas Longden (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

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