Credit-based Congestion Pricing : an Opportunity for Reductions in Greenhouse Gas Emissions ?

INTRODUCTION U.S. greenhouse gas (GHG) emissions rose 16 percent between 1990 and 2004, while those from light-duty vehicles rose 23%. (EPA 2006) During the same period, GDP increased 51% (BEA 2005) and VMT rose 37% – more than doubling the nation’s population increase. (Davies et al. 2007 and EPA 2006) While GHGs are on the rise, public policy can result… CONTINUE READING