Mobilising Private Investment in Sustainable Transport

doi:10.1787/5k46hjm8jpmv-en

Cited by 15 publications

(9 citation statements)

References 58 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While relatively small in terms of volume, climate-related development finance can have a catalytic effect on these transitions (see Section 2.2 and Challenge 4). The provision of climaterelated development finance is set in a complex international architecture, however, and is often perceived as inadequate, inefficient and ineffective (Commonwealth Expert Group on Climate Finance, 2013 [90]) (Amerasinghe et al, 2017 [91]). 9 The complexities of the international architecture of climate-related development finance stem from financing vehicles and instruments with differing thematic and policy priorities and an even broader array of implementing entities; together, these have led to inefficiencies and the overburdening of developing countries (Bird, Watson and Schalatek, 2017[92]); (Lundsgaarde, Dupuy and A., 2018 [93]).…”

Section: Lack Of Transparency and Common Access Standards Limits The mentioning

confidence: 99%

Share of climate-related development finance >40% by recipient, 2013-17

2019

The Development Dimension

View full text Add to dashboard Cite

Four years since the world came together to agree the 2030 Agenda for Sustainable Development and the Paris Agreement, development cooperation remains at risk of supporting development trajectories that are unsustainable, undermine effective action to address the climate crisis, and thus push urgent development goals out of reach. The severe impacts of climate change are being felt today across the globe. Yet our collective efforts so far do not measure up to the necessary ambitions of these interlinked and mutually reinforcing agendas. It is becoming ever more evident that climate-resilient development is not only a necessity for humankind but also presents fresh opportunities to achieve both climate and sustainable development goals. This report "Aligning Development Cooperation and Climate Action: The Only Way Forward" focuses on how development cooperation providers can align their strategies, programmes and operations' climate objectives to build a truly sustainable development pathway. It identifies what "Paris alignment" means for development cooperation , and underscores the importance of ceasing decisions that tie countries to outdated, risky high-emissions activities and to insufficiently adaptive development. The report also argues that while official development assistance is important as a financial resource to address critical resource gaps, its fundamental purpose is to support developing countries. To help in the critical task of overcoming key financial, capacity and policy constraints, development cooperation needs to focus on contributing positively to developing countries' transition to low-emissions, climate-resilient societies. The changing climate is an emergency that affects everyone and demands a concerted approach by all development cooperation providers. I commend the governments and organisations that are already working to align their development and climate action; and I urge all development cooperation providers to act on this report's recommendations to better deliver on their mandates and support sustainable development that confronts the climate crisis. This is a moment of immense opportunity for development cooperation to respond to the evidence that sound climate policy is sound development policy and that ambitious climate action reinforces countries' economic growth and development. The transition to 100% sustainable development is not an option. It is the only way forward. It is time for governments and for institutions working on development cooperation to urgently make the necessary pivot to support the transformation that societies need.

show abstract

Section: Lack Of Transparency and Common Access Standards Limits The mentioning

confidence: 99%

Share of climate-related development finance >40% by recipient, 2013-17

2019

The Development Dimension

View full text Add to dashboard Cite

show abstract

“…congestion charges to support public transit systems) and regulations (e.g. zoning policies and urban land-use planning); providing specific financial policies, regulations, tools and instruments that provide transitional support to help leverage private finance; harnessing resources and building capacity; and promoting green business and consumer behaviour Ang and Marchal, 2013). In particular, several financial instruments and risk-sharing mechanisms can help attract private finance for urban green infrastructure:…”

Section: Mobilising Private Financementioning

confidence: 99%

“…Examples include development charges, development rights, tax increment financing (TIF) and joint development. In Hong Kong, China, the construction, maintenance and operations of the Hong Kong metro were financed by the city operator, Mass Transit Railway Corporation (MTRC), by establishing joint ventures with private real estate developers and retail outlets near subway stations, in addition to selling development rights (Ang and Marchal, 2013);  Loans, loan guarantees, bonds and climate finance can be used more to attract private finance in some sectors (in some, such as water and transport, public -sector finance may be dominant). However, emerging countries in Asia are at different levels of bank and nonbank financial services, as well as broader legal, regulatory and institutional capacity.…”

Section: Mobilising Private Financementioning

confidence: 99%

Urban Green Growth in Dynamic Asia

2016

OECD Green Growth Studies

View full text Add to dashboard Cite

“…Also, stakeholder engagement and political support are paramount owing to the long-term nature of PPPs and the capital-intensive nature of most rail and metro projects. In the transport sector, for instance, experience to date suggests that PPPs are particularly suited for bus rapid transit systems (BRTs) and highly used and specific rail links (Ang and Marchal, 2013). 9 Shared-use vehicle and bicycle systems, such as Vélib' in Paris, are also examples of successful PPPs.…”

Section: Mobilising Private Financementioning

confidence: 99%

Section: Mobilising Private Financementioning

confidence: 99%