Energy Efficiency in Mobility and Transport: Financial and Economic Issues

Bearing in mind the high costs of improving transport infrastructure and purchasing rolling stock, financial and economic barriers are among the biggest obstacles to improving the energy efficiency of European mobility systems. For new technologies in the early demonstration phase, investment costs and risks are also relatively high.

Different forms of mobility also have very different external costs and benefits. The level of external costs and the level of energy efficiency are very closely correlated, but in an inverse relationship. Although cost-benefit analyses do attempt to take external costs into consideration, our current financing system still focuses mainly on direct costs. The infographic gives an idea of the order of magnitude of these external costs. [Infographic source: Moving Forward]

With this in mind, in this section we collect information about the main financial and economic barriers to improving the infrastructural, technological and organisational aspects of our mobility systems. We then give examples of how these barriers have been overcome in smart cities demonstration projects. By distilling key findings from these best-practice projects, this section also provides recommendations related to the currently most promising development paths.

 

 

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