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Title:

Gasoline Taxes to Address CO2 Emissions from Road Transport

Accession Number:

01122640

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

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.

Monograph Accession #:

01120148

Report/Paper Numbers:

09-3546

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Santos, Georgina

Pagination:

27p

Publication Date:

2009

Conference:

Transportation Research Board 88th Annual Meeting

Location: Washington DC, United States
Date: 2009-1-11 to 2009-1-15
Sponsors: Transportation Research Board

Media Type:

DVD

Features:

Figures (1) ; References; Tables (2)

Uncontrolled Terms:

Emissions reduction

Geographic Terms:

United Kingdom; United States

Subject Areas:

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

Source Data:

Transportation Research Board Annual Meeting 2009 Paper #09-3546

Files:

TRIS, TRB

Created Date:

Jan 30 2009 7:58PM