Europe needs to spend €39bn every year to ensure its green transport technology is fully deployed, says study
A switch away from spending on roads and airports to new energy infrastructure is key to decarbonising road transport in Europe, a study says
Focused and targeted support for decarbonisation of aviation needs to run in parallel to the end of public support for projects that do not align with the Paris Agreement objectives, T&E says. “EU and national budgets should stop supporting the building of new airports or their expansion, as it drives the growth of an unsustainable sector.”
It calls for a €25 billion-backed EU battery fund to support European battery manufacturing, which is under intense pressure from China. This would provide public funding for scaling local battery production, accessing key materials and de-risking investments in key components.
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