Title: Motor transport, greenhouse gases and economic instruments

Authors: Kenneth Button, Werner Rothengatter

Addresses: The Institute of Public Policy, George Mason University, Fairfax, VA 22030, USA. ' Institut fur Wirtschaftpolitik und Wirtschaftsforschung, Universitat Karlsruhe, Karlsruhe, Germany

Abstract: Motorised transport is the generator of several forms of negative externality including the uncompensated emissions of greenhouse (global warming) gases. This paper looks at some of the underlying economic issues pertaining to policy-making designed to limit the extent of these externalities. It sets out the basic nature of the problem and outlines our knowledge of the link between the physical sciences involved and the relevant economic theory. It focuses, in particular, on the strict question of quasi-internalisation in the context of a global externality.

Keywords: economic instruments; global warming; motor transport; greenhouse gases; GHG emissions; vehicle emissions.

DOI: 10.1504/IJEP.1997.028308

International Journal of Environment and Pollution, 1997 Vol.7 No.3, pp.327 - 342

Published online: 16 Sep 2009 *

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