Transport's Make-or-Break Decade
It is no secret that combating climate change requires large and timely investments to cut green technology costs, increase efficiencies, support first-movers, and create new zero-emissions markets. Yet, in the European Union, such investment is often hard to come by, especially in the transport sector.
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BRUSSELS – Pick any sector of the European economy, and you will find a lot of companies cutting greenhouse-gas emissions. But, while sectors like construction, electricity production, and agriculture now emit much less than they did in 1990, transport emissions have increased by 33%. Unless we put the brakes on transport pollution soon, the European Union will have a very hard time reaching its climate goals.