The transport sector is crucial in today’s economy and society and has a big impact in particular on employment and growth, making “a decisive contribution to social and territorial cohesion, industrialization and economic development”. At the same time, however, it is also the largest contributor of greenhouse- gas emissions at global level (28% of total emissions in the EU). For accelerating the transition process toward a sustainable economy a worldwide approach to transport decarbonization is therefore needed. Policy makers and institutions at global level are indeed expressing growing concerns about the need for a substantial intervention in this field and are proposing several legislative measures to buffer especially the climate emergency. The European Union is aiming to make Europe the first climate neutral continent by 2050 and, with the European Green Deal 5 and the Fit for 55% Package presented in July 2021, has already adopted several initiatives, with the purpose, on the one hand, to impose the reduction of CO2 emissions in road,air and sea transport, and, on the other hand, to encourage forms of mobility considered more eco-friendly, such as railways. But the focus on the problem is high worldwide. Recently (on August 16, 2022) the Inflation Reduction Act has been issued in the US, which is considered the largest piece of United States federal legislation ever to address climate change. Aim of the bill is to curb inflation by reducing the deficit, lower prescription drug prices and invest into domestic energy production while promoting clean energy. To this end, it plans to invest $391 billion in provisions relating (not only to energy security, but also) to climate change. Furthermore, the very recent Report intitled “Integrity Matters: Net Zero Commitments by Businesses, Financial Institutions, Cities and Regions” released on 8 November 2022 at COP27 by the United Nations’ Expert Working Group 13 highlights the extremely critical situation and makes very clear that measures have to be urgently taken at different level and in different directions, stressing in particular the role played not only by governments – that have of course “to take the lead in reducing emissions” – but also by “non-state actors”, whose actions are critical in achieving global net zero.
SUITABLE BUSINESS LEGAL STRUCTURES FOR SUSTAINABLE TRANSPORT.THE BENEFIT CORPORATION
Gabriella Iermano
2022-01-01
Abstract
The transport sector is crucial in today’s economy and society and has a big impact in particular on employment and growth, making “a decisive contribution to social and territorial cohesion, industrialization and economic development”. At the same time, however, it is also the largest contributor of greenhouse- gas emissions at global level (28% of total emissions in the EU). For accelerating the transition process toward a sustainable economy a worldwide approach to transport decarbonization is therefore needed. Policy makers and institutions at global level are indeed expressing growing concerns about the need for a substantial intervention in this field and are proposing several legislative measures to buffer especially the climate emergency. The European Union is aiming to make Europe the first climate neutral continent by 2050 and, with the European Green Deal 5 and the Fit for 55% Package presented in July 2021, has already adopted several initiatives, with the purpose, on the one hand, to impose the reduction of CO2 emissions in road,air and sea transport, and, on the other hand, to encourage forms of mobility considered more eco-friendly, such as railways. But the focus on the problem is high worldwide. Recently (on August 16, 2022) the Inflation Reduction Act has been issued in the US, which is considered the largest piece of United States federal legislation ever to address climate change. Aim of the bill is to curb inflation by reducing the deficit, lower prescription drug prices and invest into domestic energy production while promoting clean energy. To this end, it plans to invest $391 billion in provisions relating (not only to energy security, but also) to climate change. Furthermore, the very recent Report intitled “Integrity Matters: Net Zero Commitments by Businesses, Financial Institutions, Cities and Regions” released on 8 November 2022 at COP27 by the United Nations’ Expert Working Group 13 highlights the extremely critical situation and makes very clear that measures have to be urgently taken at different level and in different directions, stressing in particular the role played not only by governments – that have of course “to take the lead in reducing emissions” – but also by “non-state actors”, whose actions are critical in achieving global net zero.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
