Transport is Europe's biggest climate problem accounting for 27% of its GHG emissions in 2017. Transport pollution is causing the illness and premature deaths of hundreds of thousands of Europeans. Meanwhile the EU spends over 200 billion a year importing oil to power its transport fleet.
Global emissions are on the rise as national commitments to combat climate change come up short. But surging momentum from the private sector and untapped potential from innovation and green-financing offer pathways to bridge the emissions gap.
Emissions from the EU transport sector are not reducing enough to limit its environmental and climate impacts in Europe. Greenhouse gas (GHG) emissions from transport have increased over the last three years, whilst average CO2 emissions of new passenger cars increased for the first time in 2017.