Economists Slam Vehicle GHG Rule Freeze, Critique 'Flawed' Cost Analysis

Economists are renewing their strong criticism of the Trump administration's proposal to freeze vehicle fuel economy and greenhouse gas standards, detailing the plan's “pessimistic” stance on the cost of meeting current standards and floating a “safety valve” that could limit such costs without rolling back the rules. The researchers' Dec. 7 analysis in Science does not fully outline a cost containment tool for the vehicle rules -- though they liken it to existing provisions in cap-and-trade programs, such as...