Influence of parking price on reducing energy consumption and co2 emissions

The aim of this paper is to evaluate the potential contribution of parking price to reducing energy consumption and CO2 emissions. In this respect, the methodology for determining the energy efficient parking price is developed. The main objective of the methodology is to decrease volume and time of cruising for a vacant parking space and thus reduce excess energy consumption and CO2 emissions. The methodology is tested in a part of central area of Belgrade. According to results, an adequate parking price can eliminate cruising for parking and provide significant effects on fuel savings and pollutant emissions.