Oliver Wyman β Elevating Rail in Europe
Summary
The European Green Deal aims to reduce carbon dioxide emissions by 55% by 2050, with a focus on the transportation sector.
Rail is seen as a key driver for green transportation due to its lower greenhouse gas emissions compared to other modes of transport. However, there are currently physical constraints on shared tracks, impacting rail performance and service levels. The introduction of digital technologies like the European Train Control System can bring temporary benefits but cannot overcome network limitations. To make a shift to rail feasible, policymakers and transport leaders need to focus on innovative technologies that upgrade current infrastructure rather than building new systems like hyperloops. This approach could address limitations within the next five years, leading to shorter implementation times and lower costs while safeguarding taxpayer investments in existing rail infrastructure. Failure to address these constraints could jeopardize the European Green Deal's emissions targets.
Region:
European Union
Published:
March 2024
Author(s):
Oliver Wyman
Language:
English