 SAVING AMAZON RAINFORESTS AND WORLD ENVIRONMENT ORGANIZATIONChapter 29 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 125-129 from World Scientific Publishing Co. Pte. Ltd. Abstract: One example of a smart solution to environmental problems is Singapore’s electronic road pricing (ERP) system. The system is only partly aimed at environmental protection since its primary objective is to ease traffic jams in the super-rich Asian city-state. The risk of traffic congestion in Singapore, as in other cities around the world, peaks in the morning, when workers move from the suburbs (or outer parts of the city) to their downtown offices, and in the evening when workers go home. At the same time, emissions from cars cause greater damage to air quality when they are clustered together, for example during rush hour. Singapore’s ERP system charges motorists for entering the downtown during peak hours. As its name suggests, the system relies on electronic sensors which automatically deduct a peak hour charge from a motor vehicle whenever it enters the restricted zone. The system is ingenious because it precisely targets the problem — too many cars in downtown during peak hours… Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813274242_0029 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd. |
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