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Market overview

Market overview

The transport of people and goods has revolutionised the modern world.

Despite the current economic climate, soaring energy prices and the growth of e-business we have lost none of our enthusiasm for and dependency on transport such as the personal car and air travel.

An efficient and integrated transport network is essential for the growth in productivity of urban areas and the prosperity of rural communities. Effective transportation encourages flexible labour markets and allows businesses to develop sustainable partnerships.

  Market overview graph  

 

Stablilisation of world CO2 emissions from light duty vehicles as a result of a 50% improvement in new vehicle fuel economy by 2030 vs. “Business as usual” (ITF and IEA scenario)

Catalysts for change in the transport industry include:

  • increase in the scale of clean technologies
  • improving vehicle energy efficiency
  • increasing the use of low carbon and alternative energy sources
  • making better use of existing resources

The transport sector is responsible for 19% of global energy use and 23% of all energy related carbon dioxide (CO2) emissions. Given current usage trends, CO2 emissions are projected to increase nearly 50% by 2030 and more than 80% by 20501.


1 International Energy Agency
2 Higher Education Statistics Agency (HESA)
3 Department for Business Innovation and Skills