Transport

• [New] Innovative Financial Initiatives for Africa will help close adaptation finance gaps, enhance access to existing finance and mobilize new public and private sector investment.
• [New] Some local officials are already escalating measures: a city in Hainan province put out posters warning that if people did not get vaccinated they would be blacklisted, and barred from public transport, receiving government subsidies and other benefits.
• [New] In terms of sectors, economic growth drivers in 2021-2023 will be sectors ensuring the investment development pattern, export-oriented manufacturing sectors, IT, construction and transport sectors, as well as real estate and professional services.
• [New] The sectors ensuring investment expansion, export-oriented manufacturing industries, IT, construction and transport sectors are expected to become Russia's economic growth drivers in 2021-2023.
• [New] The American Jobs Plan includes $621 billion for transportation infrastructure, such as roads, bridges and transit, which could provide some opportunity to help the city pay for its cash-strapped, scandal-ridden project.
• [New] Micro mobility is an industry that has stayed quite strong, with ridership increasing across Europe because people have a fear of public transport.
• [New] C40 Cities' newly released research confirms that green investment in global public transport systems will not only safeguard existing jobs, but will also create millions of decent, sustainable jobs and drastically cut emissions in the next decade.
• [New] In exchange for major Chinese investment in its aging oil, transport, and defense systems, Iran will supply oil to China.
• [New] C40 research indicates between 40 and 80% of trips in cities need to be walking, cycling, or public transport by 2030 if global heating is to be constrained below 1.5 degrees Celsius.
• [New] Growth Energy issued a statement stressing that the U.S. will need biofuels to help decarbonize transportation.
• [New] The City of Boston is piloting a new scheme that will offer free public transport and shared-bike passes as part of an experiment into how financial incentives can impact commuting behaviour.
• [New] South Korea's Hyundai Heavy Industries Group plans to go into all areas of hydrogen value chain, from production to transport, storage and use of hydrogen fuel.
• [New] Applications of AI have expanded to real estate, entertainment and gaming in recent years, and are expected to develop further in the coming years.
• [New] Last week, Hyundai Heavy Industries announced that it will be launching a new division centered on hydrogen - not just hydrogen propulsion, but an integrated business covering the full value chain of production, transport, sales and marketing.
• [New] In recent years, transportation network companies have changed the way millions of Americans travel, while offering hundreds of thousands of part-time drivers the opportunity to earn extra income.
• [New] Electric vehicles (EV) are forecast to account for 56% of all passenger vehicle sales, and over 30% of the global passenger vehicle fleet, by 2040, while renewable energy is expected to be the fastest-growing energy source in the next 20 years.
• [New] The House Sustainable Transportation Act would build more stations for charging electric cars and swapping batteries, push local governments to electrify their fleets and prod the Metropolitan Council to electrify all its buses by 2040, among other things.
• Over the next 30 years, Massachusetts will have to reduce carbon pollution in six broad sectors: electricity, transportation, residential buildings, commercial and industrial buildings, industrial processes, and natural gas distribution.
• The framework agreement with Gamla Uppsala Buss includes an option for a further 65 MAN electric buses extending to 2023, covering 45 Lion's City 18 E and 20 Lion's City 12 E solo buses.
• The revenue generated by mobility services, which integrate different transport services (including buses, trains and taxis) into a single app, would exceed $52 billion by 2027, up from $405 million in 2020.
• British oil and gas industry will have to effectively give more time and resources to developing a tariff structure for pipeline capacity and transportation services in tariff markets.

Last updated: 09 April 2021