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.
Transport & Environment (T&E) welcomes European Commission’s proposal today on smart road tolls and its commitment to zero-emission mobility. The Commission also reaffirmed its commitment to set stricter CO2 standards for cars, vans and, for the first time, trucks. These are moves in the right direction, but the real test of the EU’s intentions will be the ambition of the CO2 standards and whether it proposes a zero-emission vehicle mandate, the sustainable transport group said.
Belgium this week introduces a distanced-based truck toll as a new study reveals that trucks cost society €143 billion a year across the EU. The independent study for green transport group Transport & Environment (T&E) also found that trucks currently cover only 30% of these costs through taxation and charges. As the EU revises its road charging directive, T&E said Belgium’s road charging scheme is a fair way to ensure that trucks pay for a bigger share of the damage they cause.
T&E commissioned a study to monetise the external costs of trucks and to determine whether truck users are now covering a larger share of their external costs than in 2009 – when the first Are Trucks Taking Their Toll? report was published. The report finds that while there has been progress, a lot remains to be done.