Subsides worth between EUR 270 to 290 billion a year are estimated to go into European transport, according to a preliminary report released by the European Environment Agency today. From this figure, road transport receives EUR 125 billion annually, rail EUR 73 billion, aviation EUR 27–35 billion and water-borne transport EUR 14–30 billion.
The report, 'Size, structure and distribution of transport subsidies in Europe' is a first attempt by the EEA to quantify these subsidies, and is intended to feed the
discussion on the actual subsidy level within the sector.
The climate deal agreed in Paris by 195 countries is the first-ever universal and legally binding agreement of its kind. The Paris agreement is the result of many years of preparation, dialogue and ...