As the world’s population continues to grow, so will the city’s transportation systems. And with more people comes a greater environmental and financial impact.

To this end, many companies are working towards “sustainable mobility”, a social effort designed to conserve energy, reduce pollution and create long-term economic solutions for how we move around our city and the world.

Business leaders talk on a daily basis about advances in electric vehicles, “smart city” innovations, quantum technology, charging and logistics technology, workforce development and more.

1. SUSTAINABLE MOBILITY WILL CHANGE EVERYTHING
The mobility revolution is set to disrupt more than 30 industries and change everything about how people, goods, energy and data move through our world. There are obvious industries like the electrification of cars and merchandise, but also much less obvious ways, like how we use energy and what kind of energy we will consume.

“Honestly, the day is not that far off when parents will tell their children how, when they were little, they had to drive their own cars.”
It’s a lot like how we explain to children now, about some memory when a phone was on the wall and not in our pocket, or the memory when the family car had a map on board.

2. SOCIAL TRAINING IS THE GREAT PIECE OF THE PUZZLE
Training will be needed to increase supply to electricity grids and also meet the intensity of sustainable mobility needs.

A recent Wall Street Journal article recently detailed the intense needs for real-time solutions in cities where self-generation and electromobility are essential to meet sustainable goals.

The vehicles would reduce the great passive and active pollution of the cities, together with the cessation of the use of fossils for self-generation, more than 70% of the reduction is achieved.

3. SOLAR CITIES ARE SMART CITIES
Cities can grow in the volume of clean energy. Through the training they can place solar panels in buildings, houses, companies and public buildings. In this way per capita the volume grows, more than any other sustainability plan for cities.

In addition, it adds new offsetting assets in the carbon markets (at London’s [CFI2Z3]) that differentiate and benefit cities to become dominant players in the international sustainability space.

Cities must use their spaces as a test bed for connected autonomous vehicles and energy self-generation;  in this way they would obtain a tremendous competitive advantage.

4. GREEN FINANCES ARE THE BIG DRIVER
Environmental, social and governance (ESG) factors have a significant impact on sustainable mobility.  Companies must now be held accountable for how they move goods around the world in an environmentally sound way.  And without good practice, there are potential penalties and risks to capital investment.

5. UP CYCLING IS ELECTROMOBILITY FOR EVERYONE
Sustainable mobility is a movement (pun intended) that affects everyone and from which we will all benefit. Advances in mobility can have a dramatic impact on those who have been “transportation insecure”, by providing new and more efficient options for getting to living wage jobs, as well as creating living wage jobs for those who cannot perform certain tasks now.  due to disabilities.

SYNTHESIS:
The cities will provide clean energy from their buildings to their inhabitants and their inhabitants to the cities, through self-generation.
This principle of the circular economy, that circularity also gives us financial solutions at the same time that we take care of our planet.

CONCLUSION:
The growth of self-generation that supports electromobility is the key to smart cities.
Smart Cities are not the cities that have been digitized, but are those that manage to be truly intelligent in interpreting their habits and meeting needs in an efficient, cleaner way, but also generating economic opportunities.
Providing the extra appeal that saving the planet was missing.

“Today saving the planet is a good financial business.”

AUTHOR:

DIEGO BALVERDE
ECONOMIST
EUROPEAN CENTRAL BANK
&
DELFINA FRERS
CEO BALGREEN