Sustainability: more than just hot air?
With the UN Climate Change Conference in Copenhagen this month, and ever-increasing concern about the impact of human activity, it is important to have a comprehensive framework in which to assess the impact. This article suggests one such framework by considering the economic, social and environmental impacts of long-distance transport.
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Switching tracks: the regulatory implications of Great British Railways—part 2
In this two-part series, we delve into the regulatory implications of rail reform. This reform will bring significant changes to the industry’s structure, including the nationalisation of private passenger train operations and the creation of Great British Railways (GBR)—a vertically integrated body that will manage both track and operations for… Read More
Cost–benefit analyses for public policy
Cost–benefit analyses (CBA) are commonly applied to public infrastructure projects where there is a degree of certainty about the physical output of the project and the consequent societal benefits. CBA can also be applied to proposed policy and regulatory changes, but there is less clarity about the outcomes and the… Read More