Finance - 06/September/2019

Robin Hood tax

Taking from the richer to pay for buses and trains for the poorer

The sharing economy is frequently held up as a potential solution to reduce greenhouse gas emissions in cities worldwide. Yet research suggests ride-hailing with companies such as Uber and Lyft may do more harm than good with people jumping in a car rather than hopping on a bus, causing more pollution and congestion. The US city of Chicago is using taxes on rides with these firms to help fund improvements in public transport

Problem: Research suggests ride-hailing may increase pollution and congestion in cities

Solution: Since 2016, Chicago has been adding extra cents to each ride and investing the money in public transport

Key quote: The ride-hailing fee could be improved by incorporating variable pricing that would lead to a higher fee for trips that have the most negative impact on the city’s transportation network

The US city of Chicago has been attempting to redress the negative consequences of additional traffic from ride-hailing with companies such as Uber and Lyft by making users pay a supplement on top of their basic fare, which is then used to improve public transport. While the jury is still out on the results, clean mobility advocates believe this is a move in the right direction. ...


This article is part of our special series looking indepth at how cities hold the key to the energy transition. All stories in the series will appear on our website and in the latest edition of our magazine to be published at the beginning of October 2019.

Don’t miss out on any of our articles.

Subscribe to FORESIGHT Climate & Energy here

Already a subscriber?

Login

Share


Comments are closed.

Related articles

Cities get creative on climate financing

Energy Cities, a European association of local authorities, estimates a city will need between €1 billion and €3 billion to reach net zero emissions by 2050

Read more

The transition jigsaw: Part 1 – The role of government

Enshrine stability and predictability in law to ramp up investment

Read more

Solar skins for zero energy buildings

Solar skins for zero energy buildings

Inspiring architects to make buildings green and good looking

Read more

How the EIB can become Europe’s climate bank

The new European Commission President Ursula von der Leyen has promised a Green Deal for Europe. For it to be truly green, it will have to be fossil fuel free and this means cleaning up the European Investment Bank. The development bank this summer proposed phasing out support for oil and gas projects. Colin Roche from Friends of the Earth Europe urges the EIB board to back the plan when it meets in September

Read more

Technological innovation is key to the wind industry reducing reliance on rare earth materials from China

Wind industry prepares for “bottlenecks and price hikes” in rare earth metals

Technological innovation is key to the wind industry reducing reliance on rare earth materials from China

Read more

E-commerce has changed the way we shop, but it also means more delivery vans and lorries entering our cities, clogging roads and polluting the air. The sharing economy could help solve the problem, argue David Fernández and Ignacio Magallón from Bax and Company, an innovation consultancy

Transforming urban deliveries for zero-emission cities

E-commerce has changed the way we shop, but it also means more delivery vans and lorries entering our cities, clogging roads and polluting the air. The sharing economy could help solve the problem, argue David Fernández and Ignacio Magallón from Bax and Company, an innovation consultancy

Read more

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
SUBSCRIBE TO NEWSLETTER
Sign up to the FORESIGHT Climate & Energy Newsletter. Get free opinion pieces and photo essays. You will also be the first to know when new expert articles are published.
ErrorHere