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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

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The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said. million.

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

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The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) are committing to provide more than $175 billion of loans and grants for transport in developing countries over the next decade. The ADB made the announcement on behalf of the MDBs at the Rio + 20 event in Rio de Janeiro.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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While notable exceptions exist, the report says, the financing framework is often skewed towards supporting the motorization model: Domestic public finance is mainly used to build and maintain infrastructure to cater to increasing levels of motorized traffic. Resources. A Paradigm Shift Towards Sustainable Low Carbon Transport.

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DOE fuel cell market report shows continued growth, with sales surpassing $1.3B worldwide in 2013

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Several automakers announced partnerships to advance fuel cell electric vehicles, including Daimler, Ford, and Nissan ( earlier post ); Honda and General Motors ( earlier post ); Toyota and BMW ( earlier post ); and Volkswagen and Ballard Power Systems ( earlier post ). Earlier post.). Many automakers anticipate commercialization by 2017.

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