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. The joint MDB investment is intended to help develop and implement more environmentally-friendly, accessible, affordable, and safe transport solutions.

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

Green Car Congress

Fast-growing economies like the People’s Republic of China (PRC), India, Indonesia, and Viet Nam cannot afford to fall into the middle income trap when seeking to move from resource-driven growth that is dependent on cheap labor and capital to growth based on high productivity and innovation, the report cautions.

2011 170