Transportation has the highest reliance on fossil fuels of any sector and accounted for 37% of global CO2 emissions in 2021. All strategies in transitioning our energy systems must look closely at how to decarbonize transportation sector.
The transportation sector is responsible for more than half of global oil demand, with passenger vehicles and trucks making up by far the largest fraction.
There is a strong and growing consensus that a simultaneously growing and decarbonizing electricity sector is necessary to meet declining greenhouse gas emissions targets.
A new pressure point has been added to Europe’s existing climate mitigation imperative to decarbonize: an energy security driver to ensure that those cuts start with fossil fuel imports from Russia.