Transport Emissions and Energy Consumption Impacts of Private Capital Investment in Public Transport

Yunqiang Xue, Hongzhi Guan, Jonathan Corey, Bing Zhang, Hai Yan, Yan Han and Huanmei Qin
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Yunqiang Xue: College of Transportation and Logistics, East China JiaoTong University, Nanchang 330013, China
Hongzhi Guan: College of Architecture and Civil Engineering, Beijing University of Technology, Beijing 100124, China
Jonathan Corey: ART-Engines Transportation Research Lab, University of Cincinnati, Cincinnati, OH 45220, USA
Bing Zhang: College of Transportation and Logistics, East China JiaoTong University, Nanchang 330013, China
Hai Yan: Beijing Collaborative Innovation Center for Metropolitan Transportation, Beijing University of Technology, Beijing 100124, China
Yan Han: Beijing Collaborative Innovation Center for Metropolitan Transportation, Beijing University of Technology, Beijing 100124, China
Huanmei Qin: Beijing Collaborative Innovation Center for Metropolitan Transportation, Beijing University of Technology, Beijing 100124, China

Sustainability, 2017, vol. 9, issue 10, 1-19

Abstract: Introducing private capital into the public transport system for its sustainable development has been increasing around the world. However, previous research ignores emissions and energy consumption impacts, which are important for private capital investment policy-making. To address this problem, the system dynamic (SD) approach was used to quantitatively analyze the cumulative effects of different private capital investment models in public transport from the environmental perspective. The SD model validity was verified in the case study of Jinan public traffic. Simulation results show that the fuel consumption and emission reductions are obvious when the private capital considering passenger value invests in public transport compared with the no private capital investment and traditional investment models. There are obvious cumulative reductions for fuel consumption, CO 2 , CO, SO 2 , and PM10 emissions for 100 months compared with no private capital investment. This research verifies the superiority of the passenger value investment model in public transport from the environmental point of view, and supplies a theoretical tool for administrators to evaluate the private capital investment effects systematically.

Keywords: private capital; public–private partnerships; public transport; system dynamics; transport emissions; energy consumption (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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