Spending 60% of the EU’s key infrastructure fund on contributing to climate objectives – as proposed by the European Commission today – will ensure smarter and cleaner spending, green NGO Transport & Environment (T&E) has said. The Connecting Europe Facility would have €42.3 billion to co-finance investments including €30 billion for transport, as part of the draft 2021-2027 EU budget just published.
The Board of sustainable transport group Transport & Environment (T&E) has today announced William Todts as its new Executive Director. He succeeds Jos Dings, who this week leaves the position after 13 years.
EU governments and MEPs have agreed to spend €7 billion of the bloc’s transport infrastructure budget on more sustainable projects like electric vehicle re-charging points and upgrades to rail signalling. The projects will need to be co-financed by member states, meaning public spending on green transport infrastructure will be much higher. Transport & Environment (T&E) said that, as EU member states deliberate on a draft strategy to fully decarbonise European transport by 2050, last night’s deal on the Connecting Europe Facility (CEF) makes that target more achievable.
MEPs today voted for €10 billion of the EU’s transport infrastructure budget to be spent on smart, sustainable and safe transport projects like re-charging stations and railway signaling upgrades. Transport & Environment (T&E) said that, with the COP climate conference in Poland ongoing, the vote signals that the EU’s Connecting Europe Facility (CEF) will help meet climate targets.
Today the world’s leading climate change scientists were crystal clear: transport needs to drastically reduce and eventually eliminate its emissions as soon as possible for the world to stand a chance to limit global warming to 1.5°C and avoid catastrophic climate change. The special report by the UN's Intergovernmental Panel on Climate Change (IPCC) stresses the urgency of strong action across all transport modes. European NGO federation Transport & Environment (T&E) warns that transport is Europe’s biggest climate problem where carbon emissions are growing faster than in any other sector.
The European Commission presented proposals for the 2021-2027 EU budget in May and June 2018. The two main funds relevant to transport spending are the Connecting Europe Facility (CEF) and the European Regional Development Fund (ERDF). This T&E position paper outlines how spending should be used to prioritise zero-emission transport and end support for fossil gas.
The European Commision wants 60% of the EU’s key infrastructure fund spent on contributing to climate objectives. It has proposed that the €42 billion Connecting Europe Facility would have €30 billion to co-finance investments in transport, and that funding for electricity transmission, electricity storage, smart grids, renewable energy, rail, and clean urban transport would be considered to be 100% “climate spending”.
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.
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.
In 2018 the EU will develop a budget for the 2021-2027 period. The current budget earmarks €100 billion for investment in transport infrastructure, as well as research and innovation. Nevertheless, emissions continue to rise from the sector and represent 27% of Europe’s total greenhouse gas emissions. Spending should prioritise addressing this worrying trend, investing in infrastructure that helps reduce such emissions. Furthermore, the most polluting means of transport could become new own resources for the EU budget, which would help to reduce emissions and fill the EU budget gap that will be left after the UK exits the EU. Read more in our responses to the European Commission’s open consultations on the EU budget.