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. These readiness issues are: Institutional Arrangement, Enabling Environment, Financial Strategy, Attracting the Private Sector, Assessing Co-Benefits, Tracking Emissions, and Data Requirement. Investing in these readiness conditions will help countries and local governments to access and make the best use of climate finance resources for transport. These conditions can also produce broader positive outcomes for the economy, government and environment.
To read the related blog post, please click the link http://www.wri.org/blog/7-ways-attract-and-use-climate-finance-transport
For more information on the report, please go to http://www.embarq.org/en/transport-readiness-climate-finance