Domestic public sector budgets are the major source of finance for land transport today but are insufficient to meet the needed investment in sustainable, low-carbon transport systems to address the Global Goals on Sustainable Development and a new global agenda on climate change expected to be agreed upon at COP21.
Official Development Assistance (ODA) for transport only represents a few percent of the quantity of domestic finance and is not expected to increase in line with need. Climate Finance has not been a catalytic source of funding for transforming the transport sector to date but can play a greater role in future.
The International Expert Group on climate finance for sustainable transport established by the GIZ TRANSfer project initiated research to help ensure that climate finance is used effectively to promote sustainable transport and realize its large GHG emission reduction potential.
A recent output of the International Expert Group is a Discussion Paper entitled “A Systematic Approach for the Use of Climate Finance for Sustainable Transport.” This peer reviewed paper aims to answer two key questions:
Since a key role for climate finance is to complement ODA, hearing the views on new opportunities for ODA and the leadership role of the multi-lateral development banks is a priority. The role of current international climate funds on how they see the way forward is also important.
Moderator: Dr. Soren E. Lutken, Senior Climate Finance Adviser, NAMA Facility
The GIZ TRANSfer project is funded by the International Climate Initiative of the German Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). Its objective is to support developing countries to develop and implement climate change mitigation strategies in the transport sector as “Nationally Appropriate Mitigation Actions” (NAMAs). For more information see: http://www.transferproject.org
The Partnership on Sustainable, Low Carbon Transport promotes the integration of sustainable, low transport in global policies on sustainable development and climate change. It carries out its activities with active involvement of its approximately 100 member organizations. The SLoCaT Partnership facilitates the GIZ TRANSfer project’s International Expert Group on climate finance for sustainable transport. For more information on the SLoCaT Partnership see: http://www.slocat.net
Further information on GIZ TRANSfer project’s International Expert Group can be accessed at: (http://transport-namas.org/expertgroup/expert-group-on-climate-finance-for-sustainable-transport/).
December 08, 2015 - December 08, 2015
Dutch Pavilion-Blue Zone, COP 21 Venue, Paris
Phil Sayeg: email@example.com