Abstract

http://ssrn.com/abstract=1518821
 


 



Developing Transport Infrastructure for the Low Carbon Society


Andrew Sentance


Bank of England

Autumn 2009

Oxford Review of Economic Policy, Vol. 25, No. 3, pp. 391-410, 2009

Abstract:     
For the UK and other advanced economies the transition to a genuinely Low Carbon Society is a major undertaking. Within transport, changes to vehicle and aircraft technology are likely to be the key drivers of this change, underpinned by a more consistent and comprehensive approach to carbon pricing. Infrastructure investment is likely to be needed to cater for travel growth, but this should be on the basis that improvements in carbon efficiency outweigh the upward pressure of growth on emissions. A radical shift in the power supply for road transport to support electric vehicles could also have significant infrastructure requirements, and there will be potentially significant ‘soft’ investment requirements associated with improved traffic management, travel information systems, and road pricing. Road pricing and an extension of carbon pricing-particularly to aviation-create income flows which may help to fund transport infrastructure development in a world of constrained public finances.

Keywords: climate change, transport policy, transport planning, transport infrastructure and planning, government policy, Q54, Q58, R40, R42, R48

Accepted Paper Series





Not Available For Download

Date posted: December 8, 2009  

Suggested Citation

Sentance, Andrew, Developing Transport Infrastructure for the Low Carbon Society (Autumn 2009). Oxford Review of Economic Policy, Vol. 25, Issue 3, pp. 391-410, 2009. Available at SSRN: http://ssrn.com/abstract=1518821 or http://dx.doi.org/grp026

Contact Information

Andrew Sentance (Contact Author)
Bank of England ( email )
Threadneedle Street
London, EC2R 8AH
United Kingdom
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