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8 development banks commit to provide more than $175B to scale up support for sustainable transport

Green Car Congress

The ADB made the announcement on behalf of the MDBs at the Rio + 20 event in Rio de Janeiro. Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Sustainable transport solutions are available.

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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

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If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050. First, the growth in energy consumption implies an increasingly larger claim on global energy resources and higher dependence on imported energy triggering a concern about the security of energy supplies, particularly of oil and gas.

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