Transport decarbonization is estimated to require around $3.5 trillion USD in investments per year between now and 2050 (McKinsey, 2022). 2023 saw ~$685 billion USD in investments, a significant (50%) increase from 2022 (BNEF, 2023), but still insufficient to meet the world’s climate goals. Trucks and buses deserve particular attention since they represent 8% of vehicles on the road, yet are responsible for 35% of direct CO2 emissions from road transport (IEA, 2024). The transition to zero-emission alternatives will reduce dependency on fossil fuels, improve health, create new jobs and financing opportunities, and reduce carbon emissions. However, a transition in line with the planet’s needs will require substantial increases in investment, and action from both governments and companies to mitigate associated risks.

The Global Memorandum of Understanding on Zero-Emission Medium- and Heavy-Duty Vehicles brings together 36 countries and over 150 companies, subnational governments and knowledge partners committed to achieving 100% new zero-emission truck and bus sales by 2040, and 30% by 2030. This is a crucial initial step which must be followed by accelerated action around regulation, finance and infrastructure.

This session is all about the How. How can governments ensure focus is being placed on mitigating the most impactful risks slowing down investments? How can risks be most effectively mitigated by both governments and companies across the supply chain?

This invitation-only interactive workshop will allow you to connect with other leaders in truck decarbonization, explore collaboration opportunities, and inform recommendations on risk mitigation to be shared with the 36 Global MOU signatory countries.

Speakers /facilitators:

TBA
 

Co-organized by: Environmental Defense Fund (EDF) and CALSTART/Drive to Zero 

Please register to secure a spot and receive the optional pre-read materials.