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Internalising the external costs of transport
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2467-4540
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Policy Briefs; 2019/11; Florence School of Regulation; Transport
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Abstract
Personal and goods transport entail a significant societal and economic cost in the form of environmental and human health impacts, accidents, congestion, as well as infrastructure wear and tear. These costs are, however, largely unaccounted for in the price that transport users pay today. In the absence of a dedicated fiscal and policy framework, transport users thus currently do not consider external costs as part of their travel decisions.