This paper explores the efficacy of environmental protection in road transportation that produces greenhouse gas (GHG) emissions as a result of vehicle travel frequencies in a region. Road transportation deduces the highest contributor of carbon emissions coupled with human interventions in the...

This paper empirically studies how emission pricing affects capital replacement and adoption of embodied environmental technology. A pricing policy encourages firms to accelerate retirement of old capital assets and replace them with newer more efficient assets, but this may crowd out...