Congestion Pricing

London Mayor Ken Livingstone said yesterday that he wants to introduce an emissions-based congestion charging fee in an attempt to reduce his city's carbon dioxide output and to encourage cleaner transportation. The mayor's proposal is to charge the heaviest polluting vehicles emitting 225 grams of CO2 per kilometer, a £25 fee to drive into London's Central Business District. At today's exchange rate that is the equivalent of $47.50 in US dollars. Livingstone said:

Word has it that the Bloomberg Administration's new Office of Long-Term Planning and Sustainability will unveil its first work product this coming Wednesday, November 15. It looks like this initial public announcement will be oriented more around the problems that the new office is thinking about and working on rather than the solutions. The solutions, I am told, may start to emerge as a part of the Mayor's State of the City speech in January.

London officials closed the northern side of Trafalgar Square to traffic creating a vibrant new public space.

Of the ten largest cities in the United States, New York has far and away the greatest population density: 26,402.9 people per square mile, more than double the second densest big city, Chicago. The chart at right shows how the largest metropolitan areas stack up in terms of core population, overall population and core population density.  This fact alone should force New York City authorities to think differently than the rest of the country on all sorts of matters of public policy. New York is a quantitatively different animal than the other big American metropolitan regions in terms of percentage of people that live in the core, density and size of the core and size of the metropolitan area.

You get more of what you subsidize and less of what you tax. --Ancient Economic Adage