Global Environment Facility prioritizes transport in addressing low emission development needs at the city level

(GEF Washington D.C., December 09)– Transport is a crucial sector for sustainable development. When done right, transport can help expand economic opportunities and contribute to poverty reduction. However, rapid motorization is leading to congested cities, air pollution, accidents and rapid increases in greenhouse gas emissions – especially in developing countries – with global emissions from transport projected to increase 50% by 2030.

New Report Calls on GEF to Prioritize Transport in GEF-6 to Support Sustainable Development and Climate Change Progress

New York, New York- From November 5-7, the Global Environmental Facility (GEF) meets at the World Bank to set its investment strategy for the coming years. A new report offers recommendations for how GEF can deliver better progress to address transportation, the fastest growing source of energy related climate change pollution. GEF is a small but vital source of funding for low-carbon pilot projects and capacity building in the transport sector for dozens of countries.

The GEF Council approved a World Bank Sustainable Transport project in Russia

On June 20, 2013, the 44th meeting of the Global Environment Facility (GEF)’s Governing Council approved a  $369.82 million Work Program, consisting of 48 project concepts and two programmatic approaches.  The Work Program includes a World Bank sustainable transport project in Russian Federation titled “National Urban Transport Improvement Project.”  For the project, the GEF finances 9.1 million USD grant with co-finance of 270 million USD.