Greater investment in greener, more sustainable transport systems is essential for propelling the economic and social development that is essential for achieving the Sustainable Development Goals, according to an expert panel report delivered to UN Secretary-General Ban Ki-moon today.
Finding that global, national and local transport systems are hobbled by inefficiencies and a lack of sustainable investments, the expert panel issued a report entitled “Mobilizing Sustainable Transport for Development”, which provides 10 recommendations on how governments, businesses and civil society should re-direct resources in the transport sector to advance sustainable development.
The experts, members of the Secretary-General’s High-Level Advisory Group on Sustainable Transport, include representatives from aviation, road, rail, public transport and maritime industries and associations. The recommendations address issues of policy, technology and financing and grew out of the diverse perspectives and practical experience of the panel.
The report found that a transformational change to sustainable transport can be realised through annual investments of around US$2 trillion, similar to the current ‘business as usual’ spending of US$1.4 trillion to US$2.1 trillion.
Investments in sustainable transport, the experts found, could lead to fuel savings and lower operational costs, decreased congestion and reduced air pollution. Additionally, it is estimated that efforts to promote sustainable transport can deliver savings of up to US$70 trillion by 2050.A move to sustainable freight and passenger transport that includes integrated port terminals, well-planned airports and harmonized standards and regulations for efficient border crossings, could produce a global GDP increase by US$2.6 trillion.
To read the full article from the United Nations Sustainable Development Knowledge Platform, please click here.