The price of the green transition in European cities: €1.5 trillion

The EIT Urban Mobility puts figures on the investment needed in Europe to reach the objectives set in 2050.

The transition to sustainable urban mobility in European cities comes at a price: 1.5 trillion additional investment between now and 2050. This is the figure that has been concluded by the European laboratory EIT Urban Mobility, belonging to the European Union and based in Barcelona, after a thorough analysis of the situation in fifty cities of different sizes and in different countries of the continent. The document makes it clear that technological advances will help in an important way to reduce CO₂ emissions, but they are clearly insufficient to achieve the objectives of the European Green Deal. Reaching the idyllic percentages of emissions set as a target requires public and private investment to promote much more ambitious and, in turn, drastic and restrictive measures. The counterpart is the problems of public acceptance that have deep-rooted prohibitions and social changes, converted into highly flammable material, as the yellow vest crisis in France demonstrated. The research, led by the analyst specialising in transport policies Stefano Borgato, opens up three possible paths.

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