The Partnership on Sustainable, Low Carbon Transport (SLoCaT) in coordination with the Climate Bonds Initiative, and the Institute for Transportation and Development Policy have organized a side event during the High Level Political Forum on Sustainable Development’s meeting. The event “Financing Framework for Sustainable, Low Carbon Transport” was held on July 7th (1.15 – 2.30 pm), in New York, United States. (Conference Room 5, North Lawn Building, United Nations).
Following the success experience in developing the SLoCaT Results Framework on Sustainable Transport (www.slocat.net/resultsframework), SLoCaT aims to facilitate the development of a Financing Framework for Sustainable, Low Carbon Transport. In order for the Framework to be effective in terms of impact it will be important that it:
- Combines climate change perspective and sustainable development perspective;
- Focuses on development of infrastructure and services as well as the operation and maintenance of such infrastructure and services;
- Integrates public and private sector financing;
- Defines the specific role of Official Development Assistance (ODA) as well as Climate Financing.
The side event focused on the following key questions:
- What part of GHG emission reduction measure, or other sustainability measures in the transport sector, can be funded through passing on the costs to users?
- How to re-direct public sector funding from supporting and enabling a car dominated infrastructure towards multi-modal transport infrastructure services which can reduce the modal share of car or truck based passenger and freight transport?
- How to tap private sector as a more significant contributor to develop sustainable, low carbon transport infrastructure and services?
- How to better leverage both public and private funding sustainable transport through sustainable transport directed ODA (e.g. MDB Rio+20 $ 175 billion Voluntary Commitment)?
- How to make Climate Financing (e.g. Global Environment Facility, Clean Development Mechanism, Green Climate Fund) work better for the transport sector?
Program and presentations of the side event:
For more information on the event, please contact Cornie Huizenga at cornie.huizenga[at]slocatpartnership.org