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

Green Car Congress

Global CO 2 emissions from the transport sector are projected to increase nearly 50% by 2030 unless significant changes are adopted. Yet despite the importance of the transport sector, which also directly contributes 5-10% of GDP in most countries, it has been largely neglected in the global sustainable development agenda. 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

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. In the more optimistic Asian Century scenario, the region’s gross domestic product (GDP) would soar to $148 trillion and account for 51% of global output in 2050.

2011 170