Environmental Studies and Forestry

Promoting economic and environmental resilience in the post-COVID-19 era through the city and regional on-road fuel sustainability development

C. Yang, H. Wu, et al.

This groundbreaking study by Chuxiao Yang, Haitao Wu, Yunxia Guo, Yu Hao, and Zhaohua Wang explores the economic and environmental resilience outcomes of phasing out fossil fuel vehicles. It not only highlights the significant reduction of CO2 and SO2 emissions but also examines the broader impacts of climate policies amidst fuel shortages and health concerns.

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Abstract

This paper investigates the impacts of phasing out fossil fuel vehicles in the road transportation sector on economic and environmental resilience using a combined Markov-chain and dynamic stochastic general equilibrium (DSGE) model. The study evaluates the effects on CO2 and SO2 emissions, considering variations across cities, regions, and countries. It identifies two major driving forces beyond CO2 reduction for this transition: fuel shortages and the negative health and environmental impacts of SO2. The study also analyzes the effects of climate policy instruments on economic development and energy consumption under exogenous shocks.

Publisher

npj Urban Sustainability

Published On

Dec 15, 2022

Authors

Chuxiao Yang, Haitao Wu, Yunxia Guo, Yu Hao, Zhaohua Wang

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