Mobility is a basic need of any society and essential to its development. The transportation sector is responsible for around 25% of worldwide greenhouse gas emissions and for other negative effects on the environment and society. Sustainable solutions include the electrification of powertrains, promotion of public and non-motorized transportation, as well as a reduction in private travel in combination with alternative forms of mobility and intelligent mobility concepts. Efficiency improvements and greening are bringing a reduction in environmental impact and greenhouse gas emissions.
Hydrogen is at a turning point towards a positive development. The Paris Climate Agreement and a high level of political support, as well as technological advances, are driving the development. Increased demand enables the industrialisation of production and thus lower costs.
A change in the investment regime, from a more deflationary to an inflationary environment, is just manifesting itself in 2021. The outcome will ultimately depend on how the G7 central banks react if they turn out to have underestimated the inflationary pressures emanating from the pandemic and the subsequent strong economic recovery.
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