Free Car Parks

Reading an article on www.nytimes.com came to my realisation the simple implication or the role that car parks play in a metropolitan.

Written by Tyler Cowen, economics professor at George Mason University, mentions - by increasing parking costs in public parking spaces, automobile owners would be a whole lot more conscious about their driving habits.

This would culminate into sensible and timely use of their cars. Which would act as a means to cut emissions, ease traffic tensions and also improve land use.

Directly imposing the cap and trade system or a direct carbon tax might not be acceptable for majority of the world. Thus, implementing a policy which ensures a cost to parking is a small though effective means to reduce carbon emissions.

Neat thought!



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