The University of Michigan Energy Institute (UMEI), in conjunction with the Michigan Institute for Teaching and Research in Economics (MITRE), hosted a Fall 2014 conference on economic and policy research that addresses energy use in the transportation sector and its environmental implications. The objective was to bring scholars at the frontier of transportation and energy economics research together with practitioners from industry and government to exchange ideas and research findings.
Transportation is one of several major sectors that contribute to climate change. Globally, the sector's roughly 25% share of man-made carbon dioxide (CO2) emissions is similar to its share of energy consumption. Because liquid fuels are so well suited for powering cars, trucks, boats and aircraft, transportation is uniquely reliant on oil, which is the best natural resource for producing liquid fuels.