Quantifying and comparing the cumulative greenhouse gas emissions and financial viability of heavy-duty transportation pathways for the Northeastern, United States. (1st September 2022)
- Record Type:
- Journal Article
- Title:
- Quantifying and comparing the cumulative greenhouse gas emissions and financial viability of heavy-duty transportation pathways for the Northeastern, United States. (1st September 2022)
- Main Title:
- Quantifying and comparing the cumulative greenhouse gas emissions and financial viability of heavy-duty transportation pathways for the Northeastern, United States
- Authors:
- Frank, Jenny
Brown, Tristan
Ha, HakSoo
Slade, Dave
Haverly, Martin
Malmsheimer, Robert - Abstract:
- Highlights: Measures the financial viability and cumulative greenhouse gas emissions production. Models Class 8 heavy-duty truck scenarios under different cargo scenarios. Uses an internalized social cost of carbon metric as a financial benefit. Includes a comprehensive sensitivity analysis for several variables. Abstract: The rapid reduction in transportation sector fossil carbon emissions is essential to achieving long-term climate goals set by state and local governments. This study examines diverse scenarios for operational greenhouse gas (GHG) emission reductions in freight transport within the Northeastern United States and quantifies both the cumulative GHGs and the net present values (NPV). This study considers commercialized Class 8 heavy-duty trucks that operate on petroleum diesel or bio-based diesel fuel and a battery-electric option that has not yet reached commercialization and applies an investment timing methodology along with a comprehensive sensitivity analysis. The low fossil carbon scenarios incorporate the social cost of carbon as an internalized benefit. For the baseline weight-limited cargo scenario, this study finds that the bio-based diesel to battery-electric scenario produces the highest NPV and lowest operational carbon impact, while the bio-based diesel option is responsible for the second highest NPV and second lowest operational carbon impact. Under a volume-limited cargo option (10% discount rate), the bio-based diesel to battery-electricHighlights: Measures the financial viability and cumulative greenhouse gas emissions production. Models Class 8 heavy-duty truck scenarios under different cargo scenarios. Uses an internalized social cost of carbon metric as a financial benefit. Includes a comprehensive sensitivity analysis for several variables. Abstract: The rapid reduction in transportation sector fossil carbon emissions is essential to achieving long-term climate goals set by state and local governments. This study examines diverse scenarios for operational greenhouse gas (GHG) emission reductions in freight transport within the Northeastern United States and quantifies both the cumulative GHGs and the net present values (NPV). This study considers commercialized Class 8 heavy-duty trucks that operate on petroleum diesel or bio-based diesel fuel and a battery-electric option that has not yet reached commercialization and applies an investment timing methodology along with a comprehensive sensitivity analysis. The low fossil carbon scenarios incorporate the social cost of carbon as an internalized benefit. For the baseline weight-limited cargo scenario, this study finds that the bio-based diesel to battery-electric scenario produces the highest NPV and lowest operational carbon impact, while the bio-based diesel option is responsible for the second highest NPV and second lowest operational carbon impact. Under a volume-limited cargo option (10% discount rate), the bio-based diesel to battery-electric scenario yields the highest NPV, followed by the bio-based diesel scenario. The sensitivity analysis reveals that several factors impact the NPVs. Additionally, this study shows the significant impact of the timing of emission reductions on the cumulative operational carbon impact generated. … (more)
- Is Part Of:
- Fuel. Volume 323(2022)
- Journal:
- Fuel
- Issue:
- Volume 323(2022)
- Issue Display:
- Volume 323, Issue 2022 (2022)
- Year:
- 2022
- Volume:
- 323
- Issue:
- 2022
- Issue Sort Value:
- 2022-0323-2022-0000
- Page Start:
- Page End:
- Publication Date:
- 2022-09-01
- Subjects:
- BBD Biomass-based diesel -- BCC Bern Carbon Cycle -- BE Battery-electric -- B20 20% biomass-based diesel -- CARB California Air Resources Board -- CI Carbon intensity -- CLCPA Climate Leadership and Community Protection Act -- CO2e Carbon dioxide equivalent -- DEC Department of Environmental Conservation -- DFt Bern Carbon Cycle decay factor -- EIA Energy Information Administration -- e0 Fossil CO2 emissions in year 0 -- EPA Environmental Protection Agency -- Gal Gallon -- gCO2e Grams of carbon dioxide equivalent -- GHG Greenhouse gas -- GREET The Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model -- HDT Heavy-duty truck -- ICE Internal combustion engine -- IPCC Intergovernmental Panel on Climate Change -- kWh Kilowatt-hour -- Mg Megagram -- MJ Megajoule -- MPG Miles per gallon -- NPV Net present value -- PD Petroleum diesel -- ppm Parts per million -- R80 80% renewable diesel -- SCC Social cost of carbon -- SCO Synthetic crude oil -- T Year after emission year 0 -- WTW Well-to-wheels
Battery-electric -- Biodiesel -- Carbon abatement -- Decarbonization -- Fossil carbon -- Social cost of carbon
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662.6 - Journal URLs:
- http://www.sciencedirect.com/science/journal/latest/00162361 ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.fuel.2022.124243 ↗
- Languages:
- English
- ISSNs:
- 0016-2361
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 4048.000000
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