In order to meet the EU Green Deal objective of zero net greenhouse gas emissions (GHG) by 2050, and the 2030 benchmark of a 55% reduction of GHGs compared to 1990 levels, radical changes need to be embraced. Not only will cities require significant investment for technological advancements to keep pace with need, but citizen behaviour must also shift to more sustainable modes of transportation. An updated report from EIT Urban Mobility details the scope of investment needed by European cities to reach the EU Green Deal objectives and transition to sustainable urban mobility.
The report, titled ‘Costs and benefits of the urban mobility transition’ an update to research originally conducted in 2021, notably reports that €1.5 trillion will be needed in investment to reach the goals of the EU Green Deal. While this investment is sizeable, the report goes further to illustrate the long-term financial benefits of the transition to sustainable urban mobility transition.
MORE INFO: EIT Urban Mobility
IMAGES FROM: EIT Urban Mobility
