Fiscal Policy Instruments For Reducing Congestion And Atmospheric Emissions In The Transport Sector : A Review

This paper reviews the literature on the fiscal policy instruments commonly used to reduce transport sector externalities. The findings show that congestion charges would reduce vehicle traffic by 9 to 12 percent and significantly improve environmental quality. The vehicle tax literature suggests th...

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Main Author: Timilsina, Govinda R.
Other Authors: Dulal, Hari B.
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2008, 2008
Subjects:
Tax
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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100 1 |a Timilsina, Govinda R. 
245 0 0 |a Fiscal Policy Instruments For Reducing Congestion And Atmospheric Emissions In The Transport Sector  |b A Review  |c Timilsina, Govinda R 
260 |a Washington, D.C  |b The World Bank  |c 2008, 2008 
300 |a Online-Ressource (1 online resource (44 p.)) 
653 |a Atmospheric emissions 
653 |a Congestion 
653 |a Congestion charges 
653 |a Externalities 
653 |a Tax 
653 |a Transport 
653 |a Transport 
653 |a Transport Economics, Policy and Planning 
653 |a Transport sector 
653 |a Vehicle 
653 |a Vehicle taxes 
653 |a Vehicle traffic 
700 1 |a Dulal, Hari B. 
700 1 |a Timilsina, Govinda R. 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
856 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4652  |3 Volltext  |x Verlag  |3 Volltext 
082 0 |a 300 
520 |a This paper reviews the literature on the fiscal policy instruments commonly used to reduce transport sector externalities. The findings show that congestion charges would reduce vehicle traffic by 9 to 12 percent and significantly improve environmental quality. The vehicle tax literature suggests that every 1 percent increase in vehicle taxes would reduce vehicle miles by 0.22 to 0.45 percent and CO2 emissions by 0.19 percent. The fuel tax is the most common fiscal policy instrument; however its primary objective is to raise government revenues rather than to reduce emissions and traffic congestion. Although subsidizing public transportation is a common practice, reducing emissions has not been the primary objective of such subsidies. Nevertheless, it is shown that transport sector emissions would be higher in the absence of both public transportation subsidies and fuel taxation. Subsidies are also the main policy tool for the promotion of clean fuels and vehicles. Although some studies are very critical of biofuel subsidies, the literature is mostly supportive of clean vehicle