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EU law will see $22bn spent on obsolete natural gas infrastructure for shipping

Europe has already spent half a billion US dollars on natural gas infrastructure for its shipping sector in order to comply with an EU law – and continuing its roll-out is likely to cost governments and investors $22 billion by 2050, a new study has found. Liquified natural gas (LNG) will reduce shipping emissions by just 6%, at most, compared to the replaced diesel fuel, the research by the UMAS consultancy shows.

Published on July 2, 2018 - 15:46

Natural gas is a $22bn distraction for EU shipping that won’t decarbonise the sector – study

Rolling out liquified natural gas (LNG) infrastructure for shipping in Europe would cost $22 billion and deliver, at best, a 6% reduction in ship greenhouse gas emissions by 2050 compared to the replaced diesel, a new independent study for Transport & Environment (T&E) by the UMAS consultancy finds.[1] To date Europe has spent half a billion US dollars on LNG infrastructure for refuelling ships.

Published on June 25, 2018 - 17:53

European carmakers invest seven times more in EV production in China than at home

Read Spanish and Italian versions.China has secured €21.7 billion of investment in the past year to manufacture electric vehicles (EV) while Europe secured only €3.2 billion, according to European carmakers’ public announcements compiled by Transport & Environment (T&E). China produces a third more cars than Europe does (23.5 million passenger cars manufactured in 2017 versus 17 million in Europe) and thus the market size can’t explain the huge disparity in investment. China’s ambitious mandate – requiring carmakers to manufacture electric vehicles in its territory – is a key driver of investment in EVs, one which Europe currently lacks.

Published on June 21, 2018 - 07:21

EU playing catch-up: China leading the race for electric car investments

Mobility is at a crossroads and in each of the key three revolutions, automation, sharing and electrification of cars, Europe is falling behind. China has secured seven times more investments in electric vehicle manufacturing than the EU has in the last year only.  Based on public announcements, China has received over EUR 21.7 billion of investment to produce electric vehicles while the EU secured only EUR 3.2 billion, seven times less. Front runners the Volkswagen Group, Daimler AG and Nissan have provided the bulk of the investment in China, driven by the aggressive electric vehicle policy. This policy requires carmakers to obtain credits for the production of EVs that are equivalent to 10% of the overall passenger car market in 2019 and 12% in 2020.

Published on June 20, 2018 - 09:00

Carmakers continue to miss their EV sales targets due to poor marketing, choice and availability – report

Carmakers are still failing to achieve their own sales targets for battery electric and plug-in hybrid vehicles in Europe because they have barely improved the marketing, choice and availability of zero emissions vehicles, a new report shows. While carmakers seek to blame a lack of recharging points and government incentives, market data obtained by T&E shows that for the second year running [1] they spent miniscule amounts trying to sell electric vehicles – especially in markets where motorists are already willing to consider buying them.

Published on June 6, 2018 - 14:32

Carmakers still failing to hit their own goals for sales of electric cars

Carmakers are failing to achieve their own targets for sales of battery electric and plug-in hybrid models as they do not increase the offer of these vehicles fast enough. While manufacturers complain about a lack of recharging infrastructure and incentives, this report by T&E makes it clear that they could have done significantly more to meet their own goals.

Published on June 6, 2018 - 14:19

Investors letter to Juncker on EU investment in clean energy and transport

A group of leading utilities, investors and NGOs have called on President Juncker to invest more money in zero-emission mobility and power generation when allocating the EU budget after 2020. Aviva Investors, 2 Degrees Investing, Eurelectric, Ocean Energy Europe, Mirova Investing, E3G, Greenway, Climate Bonds Initiative, Fastned and T&E demand future EU investment be focused on decarbonising the transport sector. 

Published on May 15, 2018 - 06:52

Investors, utilities urge Juncker to spend EU budget on zero-emission mobility and renewables, not fossil fuels

A group of leading utilities, investors and NGOs have called on President Juncker to invest more money in zero-emission mobility and power generation when allocating the EU budget after 2020. Aviva Investors, 2 Degrees Investing, Eurelectric, Ocean Energy Europe, Mirova Investing, among others, demand future EU investment be focused on decarbonising the transport sector.

Published on May 15, 2018 - 06:45

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