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- W630221012 abstract "Increasing the scale of public transportation could significantly reduce greenhouse gas emissions from transportation. Carbon markets, through the sale of carbon offsets, offer a potential source of funding for public transportation authorities (PTAs) to pursue emission reduction projects. This article provides an overview of these opportunities and of the challenges to accessing them. Currently, the only way that transportation-related projects can sell credits into a compliance market is to register through the Clean Development Mechanism (CDM). CDM projects take place in developing countries that are not obligated to reduce emissions under the Kyoto Protocol. Only two transportation projects have been registered thus far under the CDM. The voluntary market is characterized by a wide variety of standards, none of which are universally accepted. The standards applied in both the voluntary and compliance markets may disqualify many PTA projects from generating offsets. The relatively low value of the resulting offsets may mean that the reward for entering the market is insignificant relative to total project costs. In order to take advantage of carbon market funding, PTAs should identify the emission reduction opportunities within their operations, determine how these opportunities fare relative to carbon standards and rank them in terms of cost effectiveness. This will allow PTAs to focus on opportunities that offer the most benefit." @default.
- W630221012 created "2016-06-24" @default.
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- W630221012 date "2008-07-01" @default.
- W630221012 modified "2023-09-26" @default.
- W630221012 title "Time to Take Public Transport: Carbon Market Opportunities" @default.
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