I’d ignore unpriced other externalities, that is a large rabbit hole. (Do people increase consumption of other goods thanks to the savings of this ticket…)
I’d rather look at the project, subsidies again and the cost and realise that at this scale there are few individual projects. So this is a very large knob to dial down the emissions.
Secondly, the subsidies go into the German economy. The rail system is very domestic economy heavy, so at a time where the German economy is going into a recession, spending 3bn to subsidise transport and reduce people’s cost of living and pay for German workers and investments is not such a terrible idea.
So while the price tag is high, the money isn’t turned into trees or buried like in pure abatement projects and at this scale it is a nice leaver to pull.
I’d ignore unpriced other externalities, that is a large rabbit hole. (Do people increase consumption of other goods thanks to the savings of this ticket…)
I’d rather look at the project, subsidies again and the cost and realise that at this scale there are few individual projects. So this is a very large knob to dial down the emissions.
Secondly, the subsidies go into the German economy. The rail system is very domestic economy heavy, so at a time where the German economy is going into a recession, spending 3bn to subsidise transport and reduce people’s cost of living and pay for German workers and investments is not such a terrible idea.
So while the price tag is high, the money isn’t turned into trees or buried like in pure abatement projects and at this scale it is a nice leaver to pull.