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Publication(World Bank Group, Washington, DC, 2015-06) Vandycke, Nancy ; Legovini, Arianna ; Liaplina, Aleksandra ; Di Maro, VincenzoA new World Bank initiative, ‘Impact Evaluation (IE) - connect for impact,’ aims to radically transform and better inform the way that transport and information and communications technology (ICT) projects are designed and implemented. Although multilateral lending to this key strategic sector comprises 29 percent of all global assistance, only 0.4 percent of impact evaluations have had transport as a subject. This initiative aims to fill the gap and bring high quality and valuable feedback to projects, improving design, enabling mid-course corrections, and informing ex-post evaluations. For the first time, this initiative will offer a systematic sector approach to generating concrete evidence of what works, what does not, where, when and why. It will greatly increase the impact and value add of investments in transport and ICT projects, which is especially important given global trends toward increasing urbanization, with 70 percent of the world’s population expected to live in cities by 2050.
Publication( 2015-05) Ebinger, Jane O. ; Vandycke, Nancy ; Rogers, John AllenActions to reduce greenhouse gas (GHG) emissions to stabilize warming at 2 degree Celsius, as agreed by the international community in 2009, will fall short if they do not include the transport sector. Transport is responsible for around 23 percent of global carbon dioxide emissions and emissions are expected to rise without further action to curb emission growth and invest in low carbon transport modes. Investment needs are estimated at around $3 trillion to increase the sustainability of existing and new transport systems and to mitigate climate change over the 2015-35 periods. This is in addition to existing annual investments estimated at $1-2 trillion. The actions taken today to send the right policy signals, and establish the enabling institutions and regulations to attract the necessary private finance will be critical to support this transformation. Significant investment opportunities exist in public transport systems, vehicle efficiency improvement, and reducing the need for travel through demand management, regional development policies, and land use planning. As the international community embarks on the road towards CoP 21 in Paris, there is a case to be made for more climate finance flowing towards transport.