Publication: Financing Low Carbon Transport Solutions in Developing Countries
Date
2021-11
ISSN
Published
2021-11
Author(s)
Benitez, Daniel Alberto
Bisbey, Jyoti
Abstract
Transport is a key component to
climate solution and therefore, pivotal to reach benchmarks
established by the ambitious Paris Agreement. We have the
technology, tools, and opportunities to advance markets,
unlock investments, and scale up action. The climate action
pathway – transport provides clear insights to advance and
align transport with the objectives of the Paris Agreement,
and is complemented by the global roadmap toward sustainable
mobility. However, by most measures, action is well
off-track, and greenhouse gas (GHG) emissions from transport
are on the rise. At the same time, the momentum increases to
drive action on transport and accelerate the transition to
zero or low carbon transport modes. There are calls for
decarbonizing transport and for improving the international
community’s understanding of how specific investments and
innovative finance solutions can create the conditions for
market uptake of climate-smart solutions across transport
sectors. Policy, technology, and investment are all critical
in accelerating the transition toward carbon neutral
transport. This document is organized as follows. Chapter 2
describes the trends on greenhouse gas emissions while
Chapter 3 reviews the challenge to reduce emissions in
developing countries summarizing the findings on the other
TDI notes. Chapter 4 discusses the experience and trends in
funding public investments and policies in the
transportation sector while Chapter 5 describes the
architecture of climate finance for transport
decarbonization. Chapter 6 presents some innovative
financial approaches and finally, Chapter 7 develops a
series of recommendations for a transition to a low carbon
pathway in transport.
Citation
“Benitez, Daniel Alberto; Bisbey, Jyoti. 2021. Financing Low Carbon Transport Solutions in Developing Countries. Transport Decarbonization Investment Series;. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/36610?show=full License: CC BY 3.0 IGO.”