Publication Date: December 2024
World Resources Institute (WRI) and SLOCAT have launched a suite of knowledge products to support the improved access to climate finance for Low- and Middle-Income Countries. The policy guide by SLOCAT addresses barriers, presents solutions, and provides a step-by-step approach to designing impactful, bankable transport projects.
Key messages:
- Establishing clear, ambitious regulatory frameworks and targets is essential to reduce market entry barriers and incentivise private investment in low-carbon transport infrastructure.
- Capacity building across government and institutional stakeholders is crucial for effective project preparation, implementation, and monitoring, ensuring bankable and impactful transport projects.
- Innovative and blended financing mechanisms, including public-private partnerships, are vital to overcoming financial barriers such as high upfront costs, perceived risks, and limited private-sector engagement.
- Comprehensive data management, robust evaluation methods, and transparent reporting enhance accountability, attract climate finance, and strengthen investor confidence.
- Adopting inclusive approaches and stakeholder engagement from the onset ensures that transport projects are socially equitable, gender-inclusive, and environmentally sustainable.
The project is part of the HVT research programme funded by UK Aid from FCDO. The project is implemented by WRI in partnership with SLOCAT and the Vietnamese-German Transport Research Centre.
Related to:
This publication is connected to the SLOCAT activities:
- Access to climate finance in LMICs: 14 case studies in the transport sector – working paper by WRI
- Evolving the economic appraisals for land transport investments – paper by SLOCAT and the Transformative Urban MObility Initiative
