Providing these €49 tickets requires an annual subsidy of around €3bn, on top of already substantial subsidies for the rail industry. If we accept that it reduces carbon emissions by 6.7 million tonnes per year, then that works out to €447 per tonne. That really isn't good value - most carbon abatement methods cost well under $100 per tonne. I do recognise that modal shift towards rail may have other positive externa…
> already substantial subsidies for the rail industry Though to be fair, there are also substantial subsidies for the whole road network.
https://www.statista.com/statistics/298675/united-kingdom-uk...
https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/...
https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/...