Tradable emissions credits for personal travel: a market-based approach to achieve air quality standards

摘要

This research mathematically investigates revenue neutral tradable credit schemes that can redistribute the link flow patterns to obtain least emissions for the network. The trade-off between travel time and emissions is accommodated through Pareto optimal solutions from a bi-objective problem. Further, tradable credit schemes with minimum transaction are also proposed. Numerical examples show how to obtain tradable credit schemes defining the amount of credits to be charged for each link to attain minimum emissions flow patterns.