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Energy Systems and Technologies for the Coming Century ...

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into CO 2 . For all oil <strong>and</strong> oil products, <strong>the</strong> oxidation factor used is 0.99 (99% of <strong>the</strong> carbonin <strong>the</strong> fuel is eventually oxidized, while 1% remains un-oxidized). To estimate <strong>the</strong> CO 2emissions from a gallon of fuel, <strong>the</strong> carbon emissions are multiplied by <strong>the</strong> ratio of <strong>the</strong>molecular weight of CO 2(m.w. 44) to <strong>the</strong> molecular weight of carbon (m.w.12): 44/12.The <strong>for</strong>mulations are as follows: CO 2 emissions from a gallon of gasoline = 2,421 grams x 0.99 x (44/12) = 8,788grams = 8.8 kg/gallon = 19.4 pounds/gallon. CO 2 emissions from a gallon of diesel = 2,778 grams x 0.99 x (44/12) = 10,084 grams= 10.1 kg/gallon = 22.2 pounds/gallon.Having constructed <strong>the</strong> emissions series, a sample of 140 car owners is once more used tostudy <strong>the</strong> determinants of CO 2 emissions. A simple ordinary least squares (OLS)regression is employed. A reduced-<strong>for</strong>m cross-section equation can be represented asfollows:ln( CO ) ln( Agec) Income Diesel ln(Distance) ----- (3)2 i 0 1 i 2 i 3 i 4i iwhere, β’s are <strong>the</strong> coeffecients to be estimated.ln(CO 2 ) = natural logarithmic of CO 2 emissions per gallons.ln(Agec) = natural logarithmic of car owners’ age.Income´ = set of dummy variables representing various income levels. Thebaseline category is income level greater than Rs. 65,000.Diesel = is a dummy variable denoting 1 if <strong>the</strong> engine uses diesel fuel <strong>and</strong> 0 ifgasoline is instead used.Risø International <strong>Energy</strong> Conference 2011 Proceedings Page 398

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