The ADB project is supporting the expansion of “green” bus services in the People’s Republic of China, an initiative that will benefit low-income commuters, improve air quality and reduce GHG emissions. The initiative is in line with the $175 billion commitment made at the June 2012 UN Conference on Sustainable Development (UNCSD, or Rio+20) by multilateral development banks to improve transport in developing countries between 2012 and 2022.
The Asian Development Bank (ADB) is supporting a five-year project to replace 100,000 gasoline-burning tricycles with energy efficient electric tricycles, or E-Trikes, in Metro Manilla and urban centers in the Philippines. The E-Trike project will reduce carbon dioxide emissions by approximately 260,0000 tons annually and contribute to improved air quality. The project will also avoid US$100 million in fuel import costs, which will reduce dependency on foreign oil imports and increase driver income.
The Energy Sector Management Assistance Program (ESMAP) of the World Bank report, which is based on analyses in Brazil, China, India, Indonesia, Mexico, Poland and South Africa, finds that many of the greenhouse gas (GHG) reduction measures pay themselves back, while ambitious global action to reduce technology costs, scale up private sector financing, and provide climate financing is still required.
The UNFCCC Secretariat has achieved its aim of full climate neutrality by the end of 2012, through emission avoidance and reduction, plus an offsetting scheme using Adaptation Fund (AF) Certified Emissions Reductions (CERs) for the remaining balance. The UNFCCC Secretariat encourages other UN agencies and intergovernmental organizations to do the same.
The World Bank and the World Resources Institute’s (WRI) sustainable transport center, EMBARQ, will co-host the 10th annual “Transforming Transportation” event on sustainable transport. The 2013 agenda will discuss, inter alia: capitalizing on the multilateral development banks’ $175 billion commitment for sustainable transport made during Rio+20; opportunities for sustainable transport in China, India and Latin America; integrating urban transport and development; improving transport health and safety in cities; and bringing shared bicycle solutions to scale in developing countries.