The Transportation Sector, Cap-and-Trade and Blockchain: A Carbon Credit Trading Platform [Research Brief]
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2024-03-01
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Corporate Contributors:State of California SB1 2017/2018, Trustees of the California State University Sponsored Programs Administration ; United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology
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Abstract:A recent congressional report, dated December 2022, states that the transportation sector is the largest source of carbon dioxide emissions in the United States. Specifically, the report warns that “Emissions from transportation surpassed emissions from the electric power sector five years ago and now constitute two-fifths of domestic emissions from burning fossil fuels.” The report offers a solution that aims to enable the transportation sector to mitigate its role as the largest source of CO2 emissions.
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