Monday 4th December 2023 (5-6.30pm UAE)
Location: CCG Side Event at Voco(r) Bonnington Dubai, Jumeirah Lakes Towers, Cluster J PO Box 37246 Dubai.
According to the recent report by the Climate Policy Initiative, climate finance reached a record high of $612 billion in 2019, with transport accounting for 20%. However, only 21% of climate finance went to low- and middle-income countries (LMICs), where the need is often the greatest. Moreover, only 5% of climate finance was blended with private finance, indicating a large untapped potential for leveraging private capital. Investment in greener transport is vital for meeting decarbonisation targets and access for all, and this gap in climate financing needs to bridged.
This session will explore recent developments in the climate finance landscape and ask questions including what are the current constraints and gaps in financing greener transport in LMICS? What efforts at being made by international financial institutions (IFIs) to align forthcoming investments in transport with the Paris Agreement? What tools and guidelines are available to support the scaling up and better access to climate finance in LMICs?
As part of the session, we will be outlining two newly commissioned HVT research projects, namely Improving Access to Climate Finance for Transport Projects in LMICs (ACF), and the Transport Decarbonisation Index’s (TDI.)
Registration for the online session will be available soon.