Publication:
Financing Climate Action for Transportation in Developing Countries

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dc.contributor.authorBenitez, Daniel
dc.contributor.authorBisbey, Jyoti
dc.date.accessioned2025-01-02T14:26:23Z
dc.date.available2025-01-02T14:26:23Z
dc.date.issued2025-01-02
dc.description.abstractThe climate change crisis makes Paris Alignment of the transport sector one of the most pressing development challenges. Transport emissions are rising at a higher rate in low- and middle-income countries (LMICs) than in high-income countries. However, the current climate finance landscape for developing economies may be insufficient to support the challenge. While more climate finance can play an important role in reducing the investment gap, the transport sector has some limitation to generate revenues from users and thus, on the capacity to mobilize finance. First, transport as a sector encompasses multiple infrastructure and transportation services for passengers and freight. Second, even when some pricing is possible, often, it is not done correctly to include externalities and thus, it could lead to over investment (i.e., private cars running on poor roads) and under investment (i.e., sidewalks, bike lines, public transport) - the use of carbon taxes to correct for climate externalities is limited in developed economies. Third, transport services (and their infrastructure) can complement when they provide multimodality, or they can be substitutes when there is competition in the market or redundancy for resilience. Governments need to address the fundamental bankability issues in projects, which are reinforced even more in green transport projects. In conclusion, a paradigm shift is required in the way transport services and the built environment interact to align with the Paris Agreement.en
dc.identifierhttp://documents.worldbank.org/curated/en/099122424045575462/P1766281a6d16709d1bdea1f4404a6aa2e2
dc.identifier.doi10.1596/42586
dc.identifier.urihttps://hdl.handle.net/10986/42586
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectTRANSPORT
dc.subjectCLIMATE ACTION
dc.subjectFINANCE
dc.subjectDEVELOPING COUNTRIES
dc.subjectGREEN AND RESILIENT
dc.titleFinancing Climate Action for Transportation in Developing Countriesen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-01-02
okr.date.doiregistration2025-04-14T11:50:24.285592Z
okr.date.lastmodified2024-12-24T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099122424045575462/P1766281a6d16709d1bdea1f4404a6aa2e2
okr.guid099122424045575462
okr.identifier.docmidP176628-a6d16720-d9e1-4e9d-bdea-f4404a6aa2e2
okr.identifier.externaldocumentum34441112
okr.identifier.internaldocumentum34441112
okr.identifier.report196017
okr.import.id6153
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099122424045575462/pdf/P1766281a6d16709d1bdea1f4404a6aa2e2.pdfen
okr.region.geographicalWorld
okr.sectorRural and Inter-Urban Roads
okr.themeUrban Development,Mitigation,Infrastructure Finance,Public Transport,Environment and Natural Resource Management,Finance for Development,Finance,Climate change,Urban and Rural Development,Adaptation
okr.topicUrban Development::Transport in Urban Areas
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEnvironment::Environmental Strategy
okr.unitInfra - Global Knowledge (ITRGK)
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