The session examines the intersection of environmental sustainability and transportation funding/financing, including approaches that encourage transportation patterns and infrastructure investment that protects the environment and promotes sustainability and resiliency. Presentations address resiliency and climate change in the federal surface transportation authorization, realignment of state transportation spending to achieve greenhouse gas emission reductions, a multi-state transportation climate initiative, the impact of zero-emission vehicles on state transportation revenues, and ratings agency perspectives on climate change and resiliency.
Addressing Resiliency and Climate Change in the Federal Surface Transportation Authorization
Rebecca Higgins, U.S. Senate
Realignment of State Transportation Spending to Achieve Greenhouse Gas Emission Reductions
The Impact of ZEV Adoption on California Transportation Revenue
Hannah King, University of California, Los AngelesShow Abstract
Martin Wachs, University of California, Los Angeles
Asha Agrawal, San Jose State University
To reduce greenhouse gas emissions, California is pursuing the ambitious goal of adopting five million zero-emission vehicles (ZEVs) by 2030. Progress toward this target will affect future state-generated transportation revenues collected from vehicle owners and operators. This paper uses simple spreadsheet models to estimate how different rates of ZEV adoption will impact state-generated transportation revenues. We project future state-generated transportation revenue in California through 2040 under two scenarios. The first scenario assumes that ZEV ownership continues at its historical rate of net increase, approximately 26,000 vehicles per year. The second, more aggressive scenario, assumes that California reaches its goal of five million ZEVs by 2030. The projections show that the user fees levied on ZEVs can replace and potentially even exceed the revenue to the state that will be lost because of declining gasoline sales tax revenue.
Northeast/Mid-Atlantic Transportation Climate Initiative
Vicki Arroyo, Georgetown University
Ratings Agency Perspectives on Climate Change and Resiliency Financing
Scott Zuchorski, Fitch Ratings
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