OECD/ITF Joint Transport Research Centre Discussion Papers
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- International Transport Forum Discussion Papers
The International Transport Forum at the OECD is an intergovernmental organisation with 52 member countries. It acts as a strategic think tank for transport policy and organizes an annual summit of ministers. Our work is underpinned by economic research, statistics collection and policy analysis, often undertaken in collaboration with many of the world's leading research figures in academia, business and government. This series of Discussion Papers is intended to disseminate the International Transport Forum’s research findings rapidly among specialists in the field concerned.
- ISSN: 20708270 (online)
- https://doi.org/10.1787/20708270
Combinations of Instruments to Achieve Low-Carbon Vehicle-Miles
Policymakers and economists have considered a number of different policies to reduce carbon
emissions, including a carbon tax, a cap-and-trade permit system, a subsidy for the purchase or use of
low-carbon vehicle technology, a renewable fuel standard, and mandates on manufacturers to increase
the average fuel efficiency of the cars they sell. In this paper, we address issues in the use of these
instruments separately or together. We consider the conditions under which policy makers should
consider each such policy, and we show how the stringency of one such policy must depend upon the
extent to which other such policies are already employed.
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