11. December, 2023

Financing road infrastructure in the era of electrification

Financing road infrastructure in the era of electrification

Around the world, countries face various challenges in financing road infrastructure. Traditional revenue generation systems for construction, maintenance, and services related to road infrastructure are based on the idea of the use of fossil fuels as the main source of revenue for road transport. However, the success in reducing the use of fossil fuels in transport with more fuel-efficient cars and the growing energy transition has caused a decline in revenue, which is expected to further exacerbate in the coming years. The International Transport Forum (ITF), the transport-focused division of OECD, recently published a report that delves into these issues. The report highlights the need for a transition to sustainable alternatives to fossil fuels and recommends a range of low-carbon fuel technologies to achieve this goal.

Our roads to the future

Roads to the Future is an information site concerning the implementation of a new unified system designed to charge for the use of road transport. The website uses data from The Icelandic Transport Authority, Statistics Iceland, the Ministry of Environment, Energy and Climate, the Icelandic Road and Coastal Administration, and the Ministry of Finance and Economic Affairs.

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