The transportation sector stands as one of our largest and most integral contributors to a functioning society. However, it also remains one of the biggest culprits of greenhouse gas emissions, accounting for roughly 24% of global emissions.
The introduction of Market-Based Instruments, also known as MBIs, has had a positive impact on decarbonizing urban transport, for example, by adding driving fees to roads and other forms of road pricing. However, implementation of these instruments in urban transportation has been slow and often becomes a burden for low-income and disadvantaged citizens.
These are problems that Ravi Seshadri, Associate Professor at the Transportation Systems Modelling section at DTU Management, is currently researching. Through his project, “’Winners’ and ‘Losers’ - ‘just’ market-based instruments for urban transport”, Ravi aims to develop tools to design and increase the scale of Market-Based Instruments (MBIs), such as road pricing, with the goal of achieving a carbon-neutral future in the most effective and just way possible.
For his project and research, Ravi has received a grant from the Carlsberg Foundation’s Semper Ardens Accelerate Grant. The grant will contribute to the project’s goals, combining techniques from welfare economics, transportation science, and operations research, which includes a road pricing experiment as well as an international network of experts with diverse backgrounds.
