Gasoline prices, traffic congestion, and carbon emissions

IF 2.6 3区 经济学 Q1 ECONOMICS Resource and Energy Economics Pub Date : 2023-10-01 DOI:10.1016/j.reseneeco.2023.101407
Jindong Pang , Lan An , Shulin Shen
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Abstract

This paper explores the effect of gasoline prices on traffic congestion and carbon emissions. The international crude oil price is used as an instrumental variable for the gasoline price in Chinese cities. Empirical results show that a ten percent increase in gasoline prices significantly decreases traffic congestion in rush hours by 0.87%. In addition to reducing vehicle kilometers traveled, higher gasoline prices also decrease carbon emissions by increasing travel speed and fuel efficiency. A ten percent increase in gasoline prices is found to decrease CO2 emissions by 40.6 million metric tons, accounting for 2.3% of the total CO2 emissions in the transport sector of China in 2016. This paper's estimates offer guidance for gasoline pricing policies, fuel taxes, traffic congestion, and the Dual-Carbon Target.

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汽油价格、交通拥堵和碳排放
本文探讨了汽油价格对交通拥堵和碳排放的影响。以国际原油价格为工具变量计算中国城市汽油价格。实证结果表明,汽油价格每上涨10%,高峰时段交通拥堵显著减少0.87%。除了减少车辆行驶里程外,汽油价格上涨还通过提高行驶速度和燃油效率来减少碳排放。汽油价格每上涨10%,二氧化碳排放量就会减少4060万吨,占2016年中国交通运输行业二氧化碳排放总量的2.3%。本文的估计为汽油定价政策、燃油税、交通拥堵和双碳目标提供了指导。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.40
自引率
0.00%
发文量
41
期刊介绍: Resource and Energy Economics provides a forum for high level economic analysis of utilization and development of the earth natural resources. The subject matter encompasses questions of optimal production and consumption affecting energy, minerals, land, air and water, and includes analysis of firm and industry behavior, environmental issues and public policies. Implications for both developed and developing countries are of concern. The journal publishes high quality papers for an international audience. Innovative energy, resource and environmental analyses, including theoretical models and empirical studies are appropriate for publication in Resource and Energy Economics.
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