Transport & Environment responds to the public consultation on the Project Bonds initiative.
A win/win situation in which spending by the European Union achieves better value for money at the same time as promoting more environmentally sensitive solutions has been put forward by seven NGOs, including T&E.
[mailchimp_signup][/mailchimp_signup]A report on concrete solutions to put an end to environmentally harmful subsidies within the EU Budget.
A new study has suggested that investing in high-speed rail can bring various benefits, but should not be marketed as a major part of efforts to combat climate change. The study, 'The Future of Interurban Passenger Transport' by the Swedish transport economist Per Kågeson, calculates the effect on emissions from building a new high speed line connecting two major cities 500 kilometres apart. It says there is no reason to prohibit investment in high-speed rail on environmental grounds as long as the carbon gains outweigh the emissions during construction, but the greenhouse gas savings are sufficiently small that it would be wrong to justify such investment as a solution to climate change.
The NGO network CEE Bankwatch says the European Bank for Reconstruction and Development urgently needs to reduce its carbon-heavy investments in new motorways and air travel, and instead promote transport that assists the transition to a low-carbon economy. Its comments come in a consultation by the Bank on how it decides its transport lending in central and eastern Europe. Bankwatch also says the Bank’s ‘private sector at just about all costs’ approach is leading to bad lending decisions, and it should ensure that railway restructuring does not become a misleading term that takes trade off the rails because of higher costs.
Future funding for trans-European transport networks should be determined by climate concerns, according to an EU green paper published earlier this month.