The Decarbonising Transport (DT) initiative is the ITF's major contribution to understanding how to ensure a low-carbon future for transport.
There is a significant gap in the funding needed to adequately support the early phase of the zero-emission transport technology deployment in emerging economies in the next five years - thus far only 6.5% of estimated funding required has been delivered to support a transition to electric vehicles. There are also significant needs to invest in new or maintain existing transport infrastructure to allow for sustainable multi-modal transport systems. A substantial amount of additional funding needs to be urgently mobilised to meet transport decarbonisation targets.
The funding of the clean transport and energy transition will be key topics for discussion through the Clean Energy Ministerial and G20 Summits, building towards these discussions, this session will consider innovative options to scale up financing and investment in transport decarbonisation, to enable emerging markets to transition to clean transport systems.
This session will highlight and build on ITF's projects with emerging markets and developing economies, notably the ITF's Decarbonising Transport in Emerging Economies (DTEE) project, the Sustainable Infrastructure Program for Asia (SIPA) and the NDC – Transport Initiative for Asia (NDC-TIA). Find more information on these projects here.
This session will bring together, government, research, MDB and business voices to consider multi-actor actions to scale up investment and funding.
