The economic benefits of cycling have gained increased recognition in recent years. Spiralling fuel costs and urban congestion has refocused attention towards less energy and space intensive forms of transport. Cycling, with no oil requirements, offers an effective way to lower the pain at the pump. The benefits extend beyond the individual and flow to the wider community, as each additional dollar not spent on fuel can be injected into more productive sectors of the economy. Traffic congestion also impacts negatively on the economic performance of our urban areas. Taking around 1/10 the road space of a car, bicycles are an effective tool to unclog our congested streets.
24th Nov 2011
In November 2011 the Australian Bicycle Council and Cycling Promotion Fund published a snapshot of the Australian Cycling Economy. Increasing the number of people cycling will help mitigate the costs of inactivity, congestion, pollution and emissions.
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