Peak District parking charges to unlock £10 million per year investment in shared transport

 

Overview

• Visitors buy Voluntary Carbon Credits (VCC) through parking payments, which they tag to the new services they need to be developed. This indicates demand for new services.

• Self-sovereign IDs allow users to pseudonymously share data with AI without giving up control of it

• Data from where people park and where they travel from provides the basis for establishing compatible supply and demand

• A Transport Group is formed when its members agree the dynamic pay-per-use rate and trade-in their combined cars for a combination of alternatives. This establishes supply and demand, ensuring new services will be provided and paid for.

• Capital from the cars sold is invested in the new services.

• A return on investment is paid from VCC revenue.

• VCC are validated by Transport Groups verifying the number of cars reduced.

• The Peak District National Park currently generates £500,000 from parking each year, if sold as VCC this could leverage £10 million investment in sustainable shared transport.

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More than one new service is required to replace each car. Users combine Peak District Shuttles with Carshare and Active Travel for other journeys. The overall effect is for a combination of private cars to be ‘traded-in’ for a combination of alternatives that meet the same needs, and the capital shifted from cars to sustainable, shared alternatives. It avoids the problem of new services co-existing with the private cars of target users.​