All human endeavour involves choices and nowhere is this more true than in transport sector which requires choices to be made between different modes of transport, such as rail and road. However, the sum of individual choices, even while maximizing the welfare of an individual or firm may not maximize social welfare. Hence, the need for making rational choices that promotes social welfare, having regard to the fact that the use of transportation is not wholly a benign activity.
Transportation causes strain on nature by consuming scarce resources, emitting harmful pollutants and generating undesirable wastes. Different modes of transport cause varying levels of stress and consequent damage. There is growing recognition that the transport systems and modal choices should factor in the cost of environmental degradation and social damage, as it would promote both overall sustainability and sustainable transport.
During the course, topics covered by experts are as under: