This article investigates the role of bus rapid transit as a tool for mitigation of transport‐related carbon dioxide (CO2) emissions. We analyse a Quality Bus Corridor (QBC) implemented in Dublin, Ireland, in 1999 and estimate CO2 emissions associated with differing levels of bus priority for the period 1998–2003 and for the Kyoto commitment period (2008–12). Associated monetary values are established using CO2 prices from the European Union Emissions Trading Scheme. We find that, in the absence of a QBC, peak‐time emissions for our sample population would have been 50% higher than in the factual scenario. For the Kyoto commitment period, we find the median value of the policy implementation to be in the region of [euro]650 000.
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