• A group of mostly Global South countries said at the Leipzig transport summit that the Strait of Hormuz crisis highlights the need to reduce fossil fuels in transport.
  • Brent crude oil price rose from $70.5 to $100 since the US and Israel attacked Iran and the strait was closed.
  • The International Transport Forum reported a ‘systemic transport shock’.
  • The Coalition for Decarbonizing Transport, comprising 11 countries, called for reducing dependence on fossil fuels.
  • The goal is to cut transport energy consumption by 25% by 2035 and get a third from renewable sources.
  • Transport accounts for 20% of CO2 emissions and is one of the hardest sectors to decarbonize.

Sources & Links