ICAT Transport Pricing Methodology Executive Summary

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The transport sector is responsible for approximately 18% of global greenhouse gas (GHG) emissions, and experts predict that economic growth could cause transport activity to double by 2050. A fundamental transformation is needed if the sector is to play its part in the transition to net zero global GHG emissions in the second half of the 21st century. In this context, there is an increasing need to assess and communicate the impacts of transport policies to ensure that they are effective in mitigating GHG emissions, and helping countries meet their sectoral targets and national commitments. The ICAT Transport Pricing Methodology can be used on its own or together with other ICAT guides. For example, pricing policies are more effective and their impact is likely to be longer lived if revenues are used to improve low-carbon travel, such as through expanded pedestrian and cycling infrastructure or public transit services. If a country wants to track progress in implementing its NDCs and report the results under the enhanced transparency framework, the methodology would be used during or after policy implementation.