Informing Development of a Carbon Reduction Strategy for the Transport Sector
This paper has benefited greatly from the inputs of Mark Barrett at UCL, the Transport Research Laboratory and a peer review group which comprised of representatives from Defra, BERR and the Office of Climate Change.
1. Averting dangerous levels of climate change presents one of our biggestchallenges. It will require international action, but – if actions are taken early and are well designed – can be addressed at manageable cost. Evidence from the Stern Review1 suggests that the cost of action to ensure that the worst impacts of climate change are avoided might be around 1% of global GDP, and perhaps a little more in developed countries. This compares to a cost associated with inaction equivalent to losing at least 5% of global GDP each year, now and forever……………….