Climate finance for low carbon transport : developing effective transport financing mechanisms for Asia and the Pacific | 국외연구자료

KDI 경제교육·정보센터

Economic Information and Education Center

한국관련자료

Climate finance for low carbon transport : developing effective transport financing mechanisms for Asia and the Pacific

UNESCAP

2025.02.05

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The policy brief Climate Finance for Low Carbon Transport: Developing Effective Transport Financing Mechanisms for Asia and the Pacific was developed following the Regional Cooperation Mechanism on Low Carbon Transport: Identification and Development of Climate Financing Mechanisms regional meeting. Transitioning to low carbon transport requires substantial funding, with estimates reaching more than USD 8 trillion in the Asia-Pacific region alone through 2030. The disparity in infrastructure needs across subregions underscores the diverse economic impacts and necessitates tailored strategies. To address these challenges, a diversified funding strategy combining public and private sources is crucial. This policy brief identifies existing and emerging financial mechanisms to promote the adoption of low carbon transport, emphasizing the fundamental role of government subsidies and incentives in promoting their uptake and the necessity of innovative financing. It also outlines policy and planning strategies to scale up the adoption of low carbon transport through financial and policy financing mechanisms. Finally, this policy brief highlights crucial steps toward successful low carbon transport financing mechanisms.

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