People must pay carbon cost of travel to cut emissions

Andrew Meaney, Managing Consultant, Oxera

Andrew Meaney, Managing Consultant, Oxera

The Stern Review’s three policy principles - introducing carbon pricing, focusing on technology policy, and focusing on behavioural change - are fundamental here. For me, the option offering the quickest savings to the transport sector - where the evidence suggests big improvements are unlikely to be cost-effective for at least another decade or so - is behavioural change. And the most likely source of this is providing drivers with in-vehicle information showing them how to reduce fuel...