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(The National Pulse) – The World Economic Forum (WEF) is pushing to reduce private automobile ownership by 75 percent by 2050 to comply with the climate goals in the Paris Agreement. The public must embrace reducing the number of vehicles from 2.1 billion to 0.5 billion as well as walking and cycling, according to a recent report.
Electrification alone will not deliver the intended results, argues the WEF. Instead, “compact cities”– more commonly known as “15-minute cities,” in which daily necessities are within a 15-minute walk or bike journey from one’s home – are needed to cut CO2 emissions by 80 percent and save $5 trillion per year.
“Greater coordination and collaboration are needed both within government (e.g., in government departments or agencies) and between the public and private sectors, including with stakeholders such as utilities companies” in order to succeed, the report states.
The scheme is being trialed in…