Harmonising transport policy to pursue economic, environmental and social objectives

It has long been recognised that motorists do not directly pay for the full environmental and social costs of their travel. To date, however, Australian research into the scale of these costs has been somewhat limited. Moreover, the work that has been undertaken has tended to rely on overseas, rather than local data. Work undertaken as part of the Victorian Transport Externalities Study (VTES), and upon which this paper is based, seeks to redress this shortcoming. This paper presents estimates, in monetary terms, of the costs of transport noise, the impacts on human health of motor vehicle emissions, and the costs of traffic congestion and accidents. Whilst it is acknowledged that a high degree of uncertainty is involved in making these estimates, the results indicate that, despite the uncertainty, the costs are substantial exceeding $6 billion per year in Victoria. The paper also provides an assessment of the contribution of land-based transport in Victoria to emissions of carbon dioxide - the major transport greenhouse gas, and presents an evaluation of strategies for reducing these emissions. Importantly, it is found that, to a significant extent, the implementation of these strategies will not involve a trade-off with the economic well-being of the community. It is shown that carbon dioxide emissions can be reduced by around 16% (compared with projected levels in the year 2005), at no financial cost. It is only reductions beyond this level which impose a cost on the community.

Language

  • English

Media Info

  • Pagination: 395-410
  • Serial:
    • Volume: 19

Subject/Index Terms

Filing Info

  • Accession Number: 01434669
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 0732506603
  • Files: ATRI
  • Created Date: Aug 24 2012 6:27PM