In a world on the brink of transformative change,
imagine a future where every journey,
where each step we take
is a stride towards a greener tomorrow.
As the world speeds ahead,
climate change from fossil fuels looms large,
and the transport sector plays a significant role.
Did you know? Transportation is responsible
for over a quarter of emissions in many global economies.
Yet, only a mere 23 nations
have precise emission targets for this sector.
Time is of the essence.
By 2030, we’re poised to deplete
86% of our carbon budget unless we act now.
Rising transport demands, economic growth,
and high initial cost of sustainable technologies are among our challenges.
But there's a silver lining.
'Green premiums' are falling as a result of economies of scale,
technological advancements, and government incentives.
This means sustainable transport is becoming
not only more viable but also affordable.
Collaboration and determined policies can pave the way.
Initiatives from countries like the UK, US,
KSA, and UAE are illuminating the path,
showcasing how transformative actions can make a difference.
Smart mobility strategies in the region are structured
around compatible infrastructure, integrated mobility systems,
and regulations, promoting sustainability.
Our strategy for a green transport future?
Enter the ASI framework - a compass
guiding us to a sustainable transport future.
This approach not only combats climate change but fosters cleaner air,
equitable transportation access and more livable cities.
The 'Avoid' strategy recognizes our 'car pride'.
As more countries prosper, the allure of personal vehicle increases.
By reshaping urban environment, promoting remote work, reducing unnecessary travel,
we can change this narrative.
One day of remote working worldwide could reduce greenhouse gas emissions
by 24 million tonnes, equivalent to Greater London's emissions annually.
In the region, Saudi Arabia and the UAE
has approved work-from-home options in the government sector,
to reduce transportation demand and thereby lower emissions.
Next, we 'Shift'.
Imagine swapping car trips with train rides or sharing vehicles.
Less emissions, more connection.
The EU's ambition to double freight rail’s share
by 2030, and the upcoming GCC Railway Project
are testament to the shift in global transport priorities.
Lastly, 'Improve'.
By innovating vehicle designs, sourcing renewable energy,
and fostering a productive ecosystem for clean vehicles,
we set the stage for a greener future.
The rapid surge in electric car models, with more than 500 in the market,
and ambitious goals set by global leaders, underpin this vision.
For successful decarbonization, we need tools.
Advanced analytics can provide valuable insights,
while coupling transport with power sector maximizes the benefits of electrification.
However, the journey must be inclusive.
As the world transitions,
not country or community should be left behind.
From Vienna's transport policy resulting in 37% of all journeys
being made on public transport, to global funds,
the drive for an equitable green transition is gathering pace.
Coordination is key.
The vast governance behind transportation requires a united front.
The US National Blueprint for Transportation Decarbonization, launched in 2023,
is a great example of a whole-of-government approach
to building cleaner transportation, led by 4 agencies,
the Department of Energy (DoE), Department transport (DoT),
Environmental Protection Agency (EPA), and the Department of Housing and Urban Development (HUD).
This is not just another environmental strategy.
Remember, every journey has a footprint.
We have the power to ensure it's a green one.
The clock is ticking,
the hour of action is now.
BCG was proud to serve as a Principal Strategy and Action Partner to COP28,
where we worked alongside
public, private and social sector leaders on priority issues
to accelerate climate action and advance adaptation and resilience.
One of the main outcomes of The Conference is the consensus to accelerate
the reduction of emissions from road transport through a diverse pathway,
including the rapid deployment of zero-and low-emission vehicles.
Net zero isn't our target.
It's our launchpad.
We're driving beyond zero in the GCC
by harnessing the power of sustainable transport.