Readiness for Transport Climate Finance: A Framework for Preconditions to Access Climate Finance in the Transport Sector

The transport sector is the leading source of energy-related greenhouse gas emissions. Yet, financing to mitigate climate change impacts—flows dubbed “climate finance”—are clearly not sufficient to meet the challenge of funding transport projects, which require significant up-front investments and incur costs over longer time periods than other comparable assets. In order to successfully leverage climate finance, prospective recipients must ensure that local conditions reflect the capability to plan for, access, and operationalize financing, and to monitor and report on impacts. These conditions, defined broadly as “readiness”, apply to the roles of governments, institutional stakeholders, and the private sector, as well as to local resources and market conditions. This paper analyses the capacities and actions that are needed to successfully utilize climate finance, demonstrating that there are seven broad categories of preparedness which enable the development of low-carbon transport. It concludes that recipient countries that focus on readiness stand to benefit not only from well-leveraged climate finance but from broader sustainable development impacts as well.

• Supplemental Notes:
  • This paper was sponsored by TRB committee ADD40 Transportation and Sustainability.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Lefevre, Benoit
  • Leipziger, David
• Conference:
  • Transportation Research Board 93rd Annual Meeting
  • Location: Washington DC
  • Date: 2014-1-12 to 2014-1-16
• Date: 2014

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: 27p
• Monograph Title: TRB 93rd Annual Meeting Compendium of Papers

Subject/Index Terms

• TRT Terms: Climate change; Environmental impacts; Finance; Financing; Greenhouse gases; Sustainable transportation
• Uncontrolled Terms: Preparedness
• Subject Areas: Administration and Management; Economics; Environment; Finance; I10: Economics and Administration; I15: Environment;

Filing Info

• Accession Number: 01519762
• Record Type: Publication
• Report/Paper Numbers: 14-1800
• Files: TRIS, TRB, ATRI
• Created Date: Mar 26 2014 10:11AM