A recent WRI Working Paper, The Trillion Dollar Question: Tracking Public and Private Investment in Transport aims to estimate the global share of public and private capital investment in the transport sector. The study finds that the global annual figure is between US$1.4 and US$2.1 trillion each year. Private investment accounts for roughly 58% of the total and comprising the majority of spending in high-income countries.
In order to take advantage of new and existing climate finance resources and leverage them properly for the transport sector, developing countries can take steps to increase their “readiness” for funding. EMBARQ, the transport and urban development program at WRI, undertook a research effort on behalf of Bridging the Gap initiative to essential issues to address in order to successfully plan for, access, and operationalize transport climate finance.