Sustainable mobility in Europe 'needs €1.5 trillion' by 2050
Around €1.5 trillion of investment in sustainable mobility is needed in Europe by 2050 if the continent is to reach its Green Deal objectives.
EIT Urban Mobility report says money is required for continent to reach Green Deal goals
Around €1.5 trillion of investment in sustainable mobility is needed in Europe by 2050 if the continent is to reach its Green Deal objectives.
That it is one of the conclusions of a study by EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology, an agency of the European Union. The study, Cost and Benefit of the Urban Mobility Transition, explores how European cities could navigate the complex journey towards achieving the EU Green Deal objectives for the transport sector by 2030 and 2050. It evaluates the financial and societal impacts of various mobility strategies.
The study, an update to a 2021 report, offers a detailed simulation of three transition scenarios across 12 would-be European cities which were created to reflect the diversity of the union’s urban environments. It reveals that while technology advancements alone could reduce CO₂ emissions by 21% by 2030, achieving the Green Deal targets requires much more ambitious measures.
The only emission reduction pathway for urban mobility that meets the 2030 Green Deal target involves a 44% reduction in emissions. But it comes with significant challenges in terms of public acceptance and changes of behaviour.
