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

Green Car Congress

Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Global CO 2 emissions from the transport sector are projected to increase nearly 50% by 2030 unless significant changes are adopted. —ADB President Haruhiko Kuroda.

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

Green Car Congress

The draft report says that as the global economy’s center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the current 27%, as well as half of global trade and investment. If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050.

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