Transport

[New] The International Finance Corporation estimates cumulative climate investment of almost $30 trillion needed across six key sectors in EM cities by 2030, including waste and water management, renewable energy, public transportation, electric vehicles and green buildings.
[New] While Bloomberg's analysts expect a 23% decline in the sales of internal combustion engine vehicles this year, it is evident that the pandemic, combined with the emerging electric transportation sector is causing significant disruptions in the oil industry's plans.
[New] The UK Government has unveiled a £40m Clean Growth Fund to support start-up companies in the fields of low-carbon power, waste, transport and buildings, with hopes that funding could rise to £100m by 2021.
[New] The UK Government has unveiled plans to roll out 6,000 new electric vehicle (EV) charging points across A-roads and motorways by 2035, in order to spur the adoption of zero-carbon transport.
[New] The IMO's initial strategy on the reduction of GHG emissions from shipping envisages a cut of at least 40% from 2008 's levels to carbon emissions per transport work by 2030, and a cut of at least 50% to total GHG emissions from the industry by 2050.
[New] E-scooter UK trials will be brought forward from next year to next month to help encourage more people off public transport and onto greener alternatives.
[New] Transport for London could run out of money by the end of next week if it does not receive support from the government.
[New] City officials hope to fend off a resurgence in car use as residents return to work looking to avoid busy public transport.
Where in Transport and Logistics, the AI market is forecast to grow from US$ 3.2 billion in 2019 to US$ 9.2 billion in 2023 at a CAGR of 23.2%, in Retail, the market is projected to reach from US$ 2.9 billion in 2019 to US$ 10.5 billion in 2023 at 29.1% growth rate.
The International Air Transport Association (IATA) forecasts that global passenger numbers will almost double by 2037, reaching 8.2 billion annually: To match that demand, the aviation industry is continuing to raise output to historic highs.
The government is expected to unveil a £250m investment in UK cycle lanes to encourage commuters to ride to work instead of using public transport, as part of the effort to prevent a resurgence of coronavirus.
The intelligent transport system market is forecast to grow by $32.47 billion between 2020 and 2024, due to increased traffic congestion and road accidents, a new study finds.
Revenue generated by the use of MaaS platforms into a single app, will exceed US$ 52 billion by 2027 but growth will not occur until 2021, because of significant reductions in transport usage due to the coronavirus pandemic.
Analyzing the economic burden of road accidents and the contribution of transport to the world's energy-related CO2 emissions, TMR expects that the global intelligent transportation systems market will experience promising growth during the forecast period of 2019 to 2027.
The International Air Transport Association (IATA) has estimated a US$ 23 billion potential revenue loss by carriers in Africa and Middle East, with Middle East expected to lose US$ 19 billion and Africa US$ 4 billion this year.
The International Air Transport Association has warned that revenue from flying passengers could drop by nearly a third of a trillion dollars this year and that 25 million jobs are at risk.
Existing AI applications across agriculture, energy, transport and water could boost global GDP by 4% by 2030, while at the same time reducing global GHG emissions by 4%.
The annual revenue of car sales, buses, taxis and related transportation services in China is expected to exceed US $ 1.5 trillion: it will take 15-20 years for the global market share of unmanned vehicles to reach 25%.
Airlines all around the world are doing it tough, with International Air Transport Association (IATA) figures estimating the COVID-19 crisis will see airline passenger revenues drop by $US314 billion in 2020.
The International Air Transport Association expects African carriers to lose $6 billion in revenues this year, up 50% from its previous estimate eleased earlier this month.
Passengers will be allowed to board London's buses for free and banned from using the front door as part of new pandemic measures announced by Transport for London (TfL).
More airlines are likely to follow Virgin Australia into administration without swifter government support, the International Air Transport Association (IATA) predicted, and fuel hedging will prevent many from benefiting from cheap oil.
The UK government's goal of net zero-carbon by 2050 will mean recycling rates improving; more people moving to public transport and the proportion of power; heat and transport generated from renewables increasing.

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Last updated: 29 May 2020