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Financing a decarbonized mobility: making the economics work

There will be no decarbonization of our economies without decarbonization of mobility, especially of road mobility which accounts for the bulk of mobility-related CO2 emissions. However, the transformation of our mobility systems is not an easy task as it requires major technical and social transformations, as well as a lot of investments. Therefore, decarbonization and financing a post-carbon mobility system go hand in hand.

On the occasion of Movin’On (June 1-4, 2021), the global summit on sustainable mobility, Cécile Maisonneuve, President of La Fabrique de la Cité, looks at an essential condition for the success of the greening of transport: the transition of the mobility financing system. The mobility sector, which accounts for a quarter of the world’s greenhouse gas emissions, cannot ignore this issue: decarbonizing the sector will require heavy investment to deploy new mobility infrastructures and solutions, particularly in under-serviced areas, in a context of ever-increasing travel demand.

Cécile Maisonneuve's Masterclass at Movin'On Summit 2021

What if there were only 3 key points to remember from this masterclass?

1.There is no one size fits all solution to decarbonize mobility

Solutions must be adapted to the local context and combine technological, fiscal, urban planning and regulatory approaches

2. Cities and territories are currently experimenting innovative ways of financing decarbonized mobility: let them inspire us

  1. Dynamic pricing to change mobility pattern… and fund transit solutions: the example of Singapore
  2. Looking for new funding resources to decarbonize mobility: the example of New York
  3. From gas to mile: redesigning a road-pricing scheme for the 21th century: the example of Oregon

3.  Financing decarbonized mobility and building public (social) acceptance: a two sides coin

  1. The resources generated the new financing system must be reinvested and made visible locally.
  2. The time frame for building public and the one for designing new solutions must be closely articulated.

To learn more, read our report “Funding mobility in a post-carbon world”

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La Fabrique de la Cité

La Fabrique de la Cité is a think tank dedicated to urban foresight, created by the VINCI group, its sponsor, in 2010. La Fabrique de la Cité acts as a forum where urban stakeholders, whether French or international, collaborate to bring forth new ways of building and rebuilding cities.

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