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Policy Instruments to Reduce Carbon Emissions From Road Transport
(2021)International Encyclopedia of TransportationThis paper surveys policy instruments aiming at reducing carbon emissions from road transport. We present the basic economic framework used to evaluate environmental policy instruments and discuss the challenges and limitations it faces, which are important enough to justify departures from the first-best instrument (Pigouvian tax). We then discuss a number of policy instruments, including fuel and mileage taxes, standards, different forms ...Encyclopedia Entry