Carmakers Might Need Carbon Trading to 'Survive' in 2025

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Date

May 5, 2017

News Type

Media Highlight

Source

ClimateWire

"A new report by Resources for the Future shows that automakers are already benefiting from some flexibilities in the federal program, despite its inefficient design. The standards are so complicated that many observers miss a built-in emissions trading program in which automakers can earn, bank and trade credits worth millions of tons of carbon emissions. 'If there wasn't trading, at least not right now, nobody would go out of business,' said Ben Leard, a fellow at Resources for the Future. 'That will probably change if we did get to 2025, because the stringency is so much more, it's so much higher, that some companies might need this market to survive.'"

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Benjamin Leard

University Fellow

Benjamin Leard is a university fellow at RFF.

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