Exploring the feasibility of tradable credits for congestion management
Lizet Krabbenborg (TU Delft - Technology, Policy and Management)
Eric Molin (TU Delft - Technology, Policy and Management)
Jan Anne Annema (TU Delft - Technology, Policy and Management)
Bert van Wee (TU Delft - Technology, Policy and Management)
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Abstract
Tradable credits for congestion management are a novel policy concept that is receiving increased interest in transportation research. This interest is mainly driven by the belief that the concept can count on stronger social support and hence has a better prospect for implementation than charging-based instruments. This paper is the first to provide an analysis of the social, political, economic and technical feasibility of this concept. To this end, policymakers and researchers from the field of transport have been interviewed. The results reveal so many barriers and challenges in the social and political context that some seem insurmountable, which exposes a difference with expectations formulated in the literature. We reflect on possible options to overcome or avoid barriers but conclude that the concept of tradable peak credits lies very far from the current way of thinking about road use and seems unable to compete with more established charging schemes.
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