This book provides a comprehensive understanding of the proposed Australian light vehicle fuel efficiency standards, and captures the economy-wide economic and environmental impacts of the policy. Its theoretical analysis of the behaviour of the household and the firm, together with the CGE simulations that use results from a detailed engineering fleet model, captures the economy-wide economic and environmental impacts of the policy, which are essential for policymakers in evaluating each policy option. The book investigates the effect of energy efficiency improvement on energy consumption,...