International Energy Agency
[Business Green] The global economy could save up to $70tr over the next 40 years by revamping urban transport networks to reduce congestion, enhance fuel efficiency, and promote public transport, cycling and walking.
That is the conclusion of a major new report from the International Energy Agency (IEA), entitled A Tale of Renewed Cities, which details how green transport policies are delivering myriad benefits for some of the world’s most congested and polluted cities.
The report argues that the adoption of so-called “avoid, shift and improve” policies that encourage city dwellers to avoid unnecessary journeys, shift towards public transport, and improve the efficiency of the transport they use can deliver significant economic benefits, as well as lower greenhouse gas emissions and improved health and quality of life.
However, it also warns that cities have little option but to embrace greener transport networks, arguing that many urban centres are currently burdened with transport infrastructure that is not fit for purpose…