On the eve of the G-20 London Summit, UITP, global advocate for public transport and sustainable mobility as well as promoter of innovations in the transportation sector, is calling on finance ministers and Central Bank governors to integrate the urban mobility dimension into their recovery plans.
“Any stimulus plan that does not integrate urban mobility will fail. Heavy investments in the car sector and on road infrastructure are converging to push us into the next crisis: the climatic one,” says UITP Secretary General Hans Rat.
Public transport belongs to the sustainable and low-carbon economy industries that will support future growth. However, according to the HSBC Global Research report on more than 20 economic recovery plans, within the $430 billion invested in fiscal stimulus to key climate change industries, few have earmarked anything for public transport improvements, according to UITP.
UITP also reiterates the message conveyed by UNEP: G-20 has an essential role to assume in the implementation of a genuine Global Green New Deal and public transport is a vital contributor.