Exploring new pathways to promote the transition towards electrification of Public Transport in urban areas : the case of Stockholm.

• As cities struggle to provide public transport services at competitive costs, they also have a major responsibility to reduce overall greenhouse gas emissions, thus often facing a dilemma between multiple objectives, and short-term versus long-term solutions. Still significant efforts and progress are being made in this direction. The city of Stockholm has already achieved broad penetration of renewables in bus fleets and now aims at 20% electrification in 2030. This paper explores ways to overcome infrastructure and cost barriers and facilitate the transition towards fully renewable pathways in the transport sector. The impacts of externalities such as air pollution and noise exposure are observed in the context of property price dynamics, aiming at finding patterns that can justify electrification pathways for public bus transport in Stockholm. An overlay analysis combining public transport hotspots with empirical data on air and noise pollution in Stockholm inner-inner city area is linked to a property price analysis. This allows an evaluation of relationships between property prices and urban externalities resulting from road transport. The analysis shows that the properties with the highest selling prices for the year 2015 generally fall outside the most polluted traffic and noisy avenues with extensive public transport. An optimum location in terms of price premiums can be observed between the 100-meter and 300-meter band. The results indicate that electrification of public transport may have implications for real estate property values. If captured in a broader urban planning context, barriers to the sustainable transition for transport systems can be partly overcome, particularly when it comes to the high investment costs for infrastructure. Thus municipalities need to consider new planning frameworks to actively capture the multiple dividends of electrification of bus transport, motivating the transition not only in terms of emissions reductions but also towards value creation and total improvement of the urban environment. 

Ämnesord

TEKNIK OCH TEKNOLOGIER  -- Naturresursteknik -- Energisystem (hsv//swe)

ENGINEERING AND TECHNOLOGY  -- Environmental Engineering -- Energy Systems (hsv//eng)

Nyckelord

public transport (PT)

emissions

air pollution

noise

electrification

busses

willingness to pay (WTP)

sustainable urban development.

Energy Technology

Energiteknik

Real Estate and Construction Management

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