Articles by Michael Moynihan

Fuel economy in context

The decision of the Obama Administration to embrace stronger fuel economy standards by 2016 is drawing praise from environmentalists but fire from auto analysts who say it will add to Detroit’s woes.  The decision to accelerate fuel economy comes on top of a variety of policy proposals to address climate change, the auto industry and […]

Cap and Market This Year

New York City — Later today, the House Energy and Commerce Committee is expected to release the Chairman’s Mark of the American Clean Energy and Security Act of 2009, also known as the energy and cap and trade bill, for markup next week. The new text will reflect a deal made Tuesday on the key […]

Let's make this Earth Day about cooperating

Cross posted at the NDN blog. Forty years have passed since John McConnell, a peace activist and plastics pioneer, proposed the first Earth Day at a Unesco conference in San Francisco as a way to focus attention on our role as stewards of the planet. In that period, environmentalism has grown into a worldwide passion […]

Sustainable funding for sustainable infrastructure

This past Friday, Princeton University's PRIOR Center and New York University's Rudin Center convened a conference on what's next in transportation. The speakers, who included Mort Downey, former Deputy Secretary of Transportation and leader of the Obama transition team for transportation; Tony Shorris, former head of the New York and New Jersey Port Authority; current PA chairman Anthony Coscia; and others, agreed that we are at a crossroads in transportation policy.

On the one hand, there has never been more enthusiasm for new modes of transportation such as high-speed rail and new approaches such as vehicle mileage tolling and congestion pricing. Billions in the stimulus bill and the Obama budget for rail have set off a frenzy of excitement about building high-speed rail in the United States. At the same time, however, the old system of funding infrastructure, the Highway Trust Fund, fed by gas taxes, has never been under greater stress. With a new transportation authorization bill likely to move this year, we stand at a key juncture in U.S. transportation policy.

Transportation reform is vital to building a clean economy. Not surprisingly, therefore, much of the discussion at Princeton focused on the irony of trying to fund the reinvention of transportation out of a five-cents-per gallon gas tax -- at a time when reducing gas consumption has emerged as a national security, economic and environmental priority.

Currently, the Highway Trust Fund, built on nickel-a-gallon gas tax, accounts for the lion's share of infrastructure funding in the United States -- not only for roads, but for mass transit as well. But the fund is essentially depleted (having required a bailout last fall to stay solvent). Additionally, with construction prices higher but gas usage falling, the gas tax now provides only about half the purchasing power needed to sustain our current system, let alone make improvements.