Abstract This paper discusses a specific part of sustainable transport policy, namely policies to reduce greenhouse gas emissions from the transport sector. We explain how assessments of such policies will overestimate their effectiveness if market responses are not taken into account. The substantial difference between market price and extraction cost of oil means that consumption reductions will be watered down by price responses causing increased consumption in other places (spatial leakage) and in the future (intertemporal leakage). The difference between market price and extraction cost also has negative implications for the viability of alternative technologies. Leakage effects become larger when consumption reductions are only undertaken by a subset of countries: we review some theoretical evidence why strong binding international climate agreements are so difficult to reach and to enforce. All this may require rethinking climate policies for the transport sector: What policies remain cost effective for reducing greenhouse gas emissions?
Highlights Strong unilateral climate action has two handicaps. Cumulative carbon emissions may increase with oil demand reduction. Current sustainable transport policies are not effective and need to be revised.
Is sustainable transport policy sustainable?
Transport Policy ; 37 ; 92-100
2014-09-28
9 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Is sustainable transport policy sustainable?
Online Contents | 2015
|Sustainable Transport Policy Need of Hour
British Library Conference Proceedings | 2001
|European transport policy and sustainable mobility
SLUB | 2000
|Gender equality through sustainable transport policy
Elsevier | 2024
|Sustainable Urban Transport Policy in India
Transportation Research Record | 2012
|