Opening Remarks

This 4th International Social Cost and Sustainability Conference is convened to discuss the important issues surrounding the subject, “Policy Instruments for Incorporating Social Costs into the Transportation Sector.” The Pace University Center for Environmental Legal Studies has been privileged to host this and our past conferences, both in Germany and the United States, jointly with the Centre for European Economic Research. This is the second conference to be held in the United States and it is exciting that we are able to meet this time in New York City, one of the world’s busiest and most vibrant cities, but also one of the most congested and challenged by the unceasing growth in the use of the automobile.