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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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Term of the Road Dictionary

internalization of external costs

Language : PIARC Road Dictionary / English
Theme : Operations Transport Sustainable Transport
Definition : Incorporation of an externality into the decision-making process through pricing or regulatory intervention. Note: one example is charging polluters for the costs of their negative impacts, that is, the ''polluter pays'' principle.

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