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Webinar: How can Transport Help Achieve the 2°C Warming Limit Agreed in Paris?
22 December 2015 @ 3:00 pm
Climate Bonds and SLoCaT introduce the new Low Carbon Transport Climate Bonds Standard
22 Dec 10:00 EST / 15:00 GMT / 16:00 CET
With climate finance, green bonds and infrastructure all high on the COP21 agenda in Paris this is a timely event for anyone in transport
Climate Bonds and SLoCaT invite stakeholders to join this important webinar and let us know your views on the eligibility criteria and other aspects of the standard.
This webinar will introduce the Low Carbon Transport Standard and its role in the transition to a low carbon economy. We welcome all discussion, questions and comments.
Released for public consultation in late October, the Low Carbon Transport Climate Bonds Standard presents eligibility criteria for investments in land transport infrastructure that are compatible with a 2°C warming outcome.
Developed by a Technical Working Group of internationally recognised academics and experts, this standard is still open for public consultation and comment until 31 December 2015.
Who’s on the Webinar?
- Justine Leigh-Bell, Senior Manager, Climate Bonds Initiative
- Cornie Huizenga, Secretary General, Partnership on Sustainable, Low Carbon Transport (SLoCaT)
Date & Time
Tuesday 22 December 2015
15:00 GMT / 16:00 CET / 10:00 EST
Approx. 1 hour with Q&A
Background Reading on the Webinar
Transport is the second largest contributor to global GHG emissions, representing 23% of the total GHG emissions in the world. Therefore, transport systems have to be improved in order to achieve a low carbon and climate resilient economy. According to the IEA, $15.7 trillion in additional transport investment will be required by 2050 to achieve the 2°C warming target. While the current investment flows are insufficient to finance the low carbon transport infrastructure, there is a need to leverage debt capital markets.
About Low Carbon Transport Climate Bonds Standard
The low carbon transport climate bonds standard provides scientific and clear eligibility criteria for low carbon projects or assets that qualify for Climate Bonds Certification. It ensures that any land transport project or asset certified by the Climate Bonds Standard contributes to meeting the emissions trajectory consistent with limiting global temperature rises to 2°C. The basic requirement for a bond to be certified under the standard is that the underlying projects or assets meet the per passenger-km (PPKM) or the per tonne-km (PTKM) GHG emission thresholds. Projects or assets likely to be eligible include:
- Freight and passenger rail; infrastructure, infrastructure upgrades and rolling stock (freight corridors built primarily to transport fossil fuels excluded)
- Electric, hydrogen or hybrid vehicle projects
- Cycling and bicycle infrastructure
- High quality Bus Rapid Transit (BRT) systems
- Technologies that allow new low carbon behaviour e.g. car clubs or bike sharing
- Integrated multi-modal transport systems and networks
The public consultation of Low Carbon Transport Climate Bonds Standard will close on 31 December 2015. After the assessment of stakeholder feedback, the Technical Working Group will submit the standard draft to the Climate Bonds Standard Board for approval.
A full version of the webinar can be accessed in here: https://www.youtube.com/watch?v=MKHTZv9lrms
For more information on the webinar, please go to here.