European cities will need a €1.5 trillion (£1.25 trillion) investment in sustainable mobility measures to meet the EU’s Green Deal emissions objectives by 2025.
This is the main conclusion of the study “Cost and Benefit of the Urban Mobility Transition”, conducted by the EIT Urban Mobility, an initiative of the European Institute of Technology and Innovation (EIT), a body of the European Union.
Fira De Barcelona says extensive research offers a detailed simulation of three transition scenarios across twelve European city prototypes, reflecting the diversity of urban environments within the EU.
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 behaviour change.
(Picture – European Commission)
