PAVING THE WAY TO LIVEABLE URBAN SPACES IN EUROPE CITIES NEED IMPACT INVESTORS TO DECARBONISE URBAN MOBILITY
TEXT: Judith O’Meara
Part of the business literature defines the impact of a group as society with their involvement minus society without their involvement. Nice definition, but this inherently begs the question: How can I make an impact? Better, how can we, with purpose-driven organisations, make an impact?
This is indeed the defining question of our times. Impact is urgently needed to curb transport sector emissions and make urban mobility cleaner and safer. The EU Green Deal objectives give us an idea of what impact should look like in the transport sector: - 55 % CO2 emissions by 2030 and -90 % by 2050 compared to 1990 levels. The fact that these emissions rose by about 24 % between 1990 and 2019 shows the magnitude of the challenge. Cities will be instrumental in meeting these goals, and improved cooperation between private and public entities key to deliver them.
No impact without collaboration At EIT Urban Mobility, supporting European cities in this ambitious environmental and technological transition is a core task. As an initiative of the European Institute for Innovation and Technology (EIT), a body of the European Union, we strategically fund and invest in innovative mobility solutions that address cities’ challenges. EIT co-funding of up to € 400 million between 2020 and 2026 will help us in our journey to improve mobility and liveability in cities. One of five regional innovation hubs EIT Urban Mobility has created is located in the Munich Urban Co-
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