To decarbonise the European Union's transport sector €39 billion in public investment needed per year, money needed to maintain the competitiveness of the and to ensure the development of green technologies in Europe for transport. This is highlighted by a new study by Transport & Environment (T&E), the non-governmental organization whose objective is to reduce the environmental impact of transport in Europe, specifying that if most of the investments for the development of transport technologies ecological resources, equal to 87% of the total, will come from investors including industry and banking institutions, but the capital-intensive industrial sectors and energy infrastructure will need public support estimated at 39 billion per year until 2030, a figure - he has specified T&E - which is less than 42 billion euros that European governments give to industry every year that produces petrol and diesel cars.

"To make the sector greener, more pollutant of Europe - said Xavier Sol, Director of Sustainable T&E finance - there will be a need for investments Significant. Not doing so will cost Europe not only the net zero target, but also the competitiveness of its major industries such as car manufacturing, the production of batteries and the construction of ships and aircraft. Public funds are needed - he explained - to create new industries and bring the charging network and infrastructure up to speed of the continent. Fortunately - added Sol - they are not always More taxpayers' money needed: governments can free up funds by reprioritising support clean technologies and putting an end to the costly expansion of the road network".

Of the 39 billion euros per year deemed necessary to finance the reduction of the environmental impact of the transport sector, the The study specifies that 13 billion should be allocated to the car and van segment, six billion to the trucks and buses, six billion to the air transport sector and five to that of maritime transport, eight billion to the segment of battery production and one billion euros to the charging systems.

Among the priorities highlighted by the study is the establishment of a substantial fund to promote the production of of electric batteries in Europe, which is subject to strong pressure from China, investing a total of 25 billion euros by 2030. With regard to the production of clean fuels for maritime and aviation transport, study finds that this type of production is currently and still in the early stages of development, with investors who are therefore reluctant to take risks. Since 86 billion of euros deemed necessary by 2030 to start production of these fuels across Europe, T&E is calling on governments to take charge of a third of these investments by providing guarantees and loans to reduce the risks of private investment. In addition in order to modernise Europe's energy infrastructure ensuring that it can meet future vehicle demand The organization calls on governments to double their current investments in networks to reach 67 billion euros per year until 2050, an effort that according to T&E could be supported by halving the figure of 61 billion euros that the European governments allocate to the construction of roads.