ABSTRACT
Europe is one of the most affluent of continents and of course the original home of the automobile society, even if the U.S. has taken over the leading position a long time ago. If global emissions are to be cut to meet even moderately ambitious climate goals, this will mean that global consumption of fossil fuels must decrease quite drastically. This must apply all the more so to Europe which, after the U.S., has one of the highest rates of carbon emissions per capita in the world, with a particularly large share of these emissions coming from the transport sector. It seems quite inevitable that we will need considerably higher prices for all fossil fuels to drive both behavioral and technical changes necessary to bring about such a transformation.
