Cost And Efficiency In Reducing GHG Emissions
The preliminary findings of the International Transport Forum's look at the cost and efficiency of reducing transport GHG emissions suggests there is much that
can be achieved within the transport sector at low cost.
"Reducing Transport GHG Emissions: Opportunities And Costs -- Preliminary Findings" finds government policy-makers can avoid unnecessary costs if climate-change mitigation is focused on the most cost-effective actions.
Among those cost-effective actions are adoption of low-carbon fuels, improvements in engine technology, better traffic management, improved land‐use planning and promotion of high quality public transport.
Taxation as a motivational tool will play a significant role. As an example, the report says fuel efficiency standards accompanied by appropriate fuel taxes will be needed to convince carmakers to invest in the innovation that will be required to meet GHG emission reduction targets.
In discussing what can be done and at what cost, the report says an evaluation framework will be essential. The study proposes a number of areas of action for surface transport and suggests additional emissions reductions from international aviation and maritime transport. The report concludes with a number of policies and policy packages.
The report has been added to the Best Practices.