The implementation of sustainable, low carbon transport will require substantial changes in the financing of transport in developing countries. This applies to pricing of transport and costing of externalities, the availability of financing under special climate facilities and funds, the use of development cooperation funds for transport and last but not least the domestic financing of transport by the developing countries themselves.
The period up to May 2010 will be used to discuss with interested Partnership members possible Partnership activities that can be undertaken after 2010. ITDP has indicated its willingness to support a project on financing to be implemented by TRL. The key objectives of this project are: (a) To engage the transport, development and climate community to improve the understanding of key concepts and issues on financing, and to allow for timely input into the design of a Post-2012 financing framework to benefit sustainable low-carbon transport. (b) To catalyse the opportunity provided at the COP15 for a new framework on climate change to holistically evaluate the financing framework, not limited to climate-oriented/carbon financing mechanisms, to support sustainable low-carbon transport.
