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Title:

Gasoline Taxes to Address CO2 Emissions from Road Transport

Accession Number:

01122640

Language:

English

Source Data:

Transportation Research Board Annual Meeting 2009 Paper #09-3546

Abstract:

This paper reviews different policies to reduce CO2 emissions from road transport, with a special focus on gasoline taxes in the US and the UK. It is shown that gasoline taxes can reduce demand but the shadow price of carbon assumed plays an essential role and if too low, taxes are not enough to curb emissions. Using an optimal gasoline tax model previously proposed in the literature, the shadow price of carbon necessary to justify gasoline taxes which would curb emissions by 50 and 80 per cents is found. This price is higher than the implicit price used both in the US and in the UK, by a factor of 2 to 3 in the US, and 10 to 14 in the UK. Tradable permits have the potential of being effective, provided supply of allowances is binding and most importantly, an international binding deal is reached in Copenhagen in 2009.

TRIS Files:

HRIS

Report Numbers:

09-3546

Media Type:

DVD

Pagination:

27p

Authors:

Santos, Georgina

georgina.santos@tsu.ox.ac.uk
Oxford University, United Kingdom

Monograph Accession #:

01120148

Publication Date:

2009

Conference:

Transportation Research Board 88th Annual Meeting

Location: Washington DC
Date: 2009/1/11 to 2009/1/15
Sponsors: Transportation Research Board

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 USA

Availability:

Find a library where document is available

Order URL: http://worldcat.org/oclc/6

Features:

Figures (1) ; References; Tables (2)

Index Terms:

Emissions reduction; Environment; Fuel taxes; Great Britain; Highway transportation; Pollutants; United Kingdom; United States

Subject Areas:

Finance; Highways; I10: Economics and Administration; I15: Environment

Last Modified:

Feb 25 2009 2:07PM