04/09/2026 | Press release | Distributed by Public on 04/10/2026 03:27
Amid the latest energy crisis, the Community of European Railway and Infrastructure Companies (CER) has reiterated the key role rail transport plays in keeping citizens and goods moving across the Single Market while reducing Europe's fossil fuel dependence. CER calls on the forthcoming long-term EU budget to invest in rail to boost Europe's strategic autonomy.
The European Central Bank's Frank Elderson recently stated that Europe's fossil fuel dependence has become one of the critical vulnerabilities of the European economy (*). With EU countries releasing fossil fuel reserves and Commissioner for Energy Dan Jørgensen warning of a prolonged energy shock, rail is once again proving its strategic value.
According to CER analysis, rail freight transport is currently sparing Europe 144,000 barrels of diesel-equivalent oil per day, delivering economic savings of €4.5 billion per year, and avoiding 22.5 million tonnes of CO₂ emissions annually.
At the same time, passenger rail transport is sparing the equivalent of about 220,000 barrels of diesel-equivalent oil per day, contributing additional economic savings of roughly €6.9 billion per year and avoiding about 32.3 million tonnes of CO₂ emissions annually. While airlines warn of a potential jet fuel shortage, the EU's high-speed rail masterplan has the potential to save an additional 660,000 barrels of oil per day. It is estimated that a future 49,000-km high-speed rail network connecting European capitals and major cities would save 11.6 billion barrels of oil worth €750 billion and more than 5 billion tonnes of CO₂ emissions by 2070.
Rail provides Europe with a resilient and sustainable transport backbone, delivering on many fronts:
It is a long-held EU ambition to grow rail freight and passenger volumes. With increasing stress tests on Europe's resilience and competitiveness, it is all the more pressing to match the ambition with key support and investments in order to capitalise on rail's many economic and societal benefits.
CER Executive Director Alberto Mazzola said: "The current energy crisis is unlikely to be the last, and Europe must seize this opportunity to reduce future risks, redress the EU balance of payments and reach energy independence and strategic autonomy. Transport is essential to connect people and keep the economy moving, and rail is the only large-scale mode already providing sustainable transport powered by energy produced within the EU. Doubling rail freight and tripling high-speed rail traffic offer potential savings in oil imports of about €1.5 trillion by 2070, which will remain in Europe. We call on the forthcoming long-term EU budget to invest in rail infrastructure and services for a stronger, more shock-resistant Europe."
(*) Frank Elderson, "Europe's fossil fuel dependence poses risks to price stability", Financial Times, April 7th 2026.
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