The design and effects of a tradable Fuel Permit system

Under the Kyoto Protocol, trading of emission permits is proposed to reduce overall greenhouse gases emissions. Starting from 2008, a worldwide trading program will be operational. Recently, the European parliament took legislative steps to set-up a greenhouse gas emissions allowance trading system for energy intensive sectors within the European Union (EU) member states in 2005. Later on, this program will possibly be extended to other sectors such as the transport sector. This is not surprising since road transport is the fastest growing producer of greenhouse gases in the EU. At present, voluntary agreements with the automobile industry are the cornerstone of the EU policy to tackle this problem. Since it is expected that these measures will not be sufficient to realize the agreed reduction, other policy instruments should be applied. This paper explores the possibilities to implement a permit program in private road transport, which includes an active involvement of households and transport industry. At present, there are no examples of allocation of permits to households. Although the permit system does not reduce emissions of itself, it provides a direct incentive to achieve a fixed level of emissions, at the lowest cost and assuring flexibility amongst the market players. For the covering abstract see ITRD E126595.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0860503429
• Authors:
  • KEPPENS, M
  • VEREECK, L
• Publication Date: 2003

Language

• English

Media Info

• Pagination: 18pp
• Monograph Title: Risk aversion and route choice decisions
• Serial:
  • PROCEEDINGS OF THE EUROPEAN TRANSPORT CONFERENCE (ETC) 2003 HELD 8-10 OCTOBER 2003, STRASBOURG, FRANCE
  • Publisher: Association for European Transport (AET)
  • ISSN: 1474-9122

Subject/Index Terms

• TRT Terms: Air quality management; Conferences; Fuels; Greenhouse effect; Legislation; Policy; Sustainable development
• Identifier Terms: European Union
• Uncontrolled Terms: Use
• ITRD Terms: 8525: Conference; 2433: Emission control; 8303: EU; 3850: Fuel; 2451: Greenhouse effect; 1556: Legislation; 173: Policy; 2427: Sustainability; 9084: Use
• Subject Areas: Aviation; Energy; Environment; Law; Planning and Forecasting; Policy; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01013058
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• ISBN: 0-86050-342-9
• Files: ITRD
• Created Date: Dec 22 2005 8:25AM