Pre-coronavirus estimates had freight transport volumes tripling by 2050 with an associated business-as-usual doubling in greenhouse gas emissions from an industry that remains 99% dependent on oil for energy.
ClimateWorks estimates that if all sectors commit to achieving a Paris 2 degrees warming pathway, by 2030 most sectors can reduce emissions by about half to two-thirds, except Transport which will remain at current levels.
To reach Net Zero by 2050, Transport relies on proven technology for electrifying light vehicles reaching price parity with internal combustion engine cars by 2025 and emerging solutions for heavy transport across road, rail, marine and air modes being tested and becoming commercially ready-to-go at scale this time next decade. It needs a mix of hydrogen fuel cells, battery EV, biofuels and gas fuel sources complementing each other in heavy and light freight transport – there’s no silver bullet.
So set your watch for 2030 and work back from there to understand why it’s so urgent we act now. It’s a nation-building exercise that demands significant government investment and incentives to private business to invest and accept risk to research, develop and deploy solutions that must start with corona rebuilding.