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. Many large Asian cities also suffer from the highest air pollution levels in the world, contributing to the premature death of half a million people each year. The joint MDB investment is intended to help develop and implement more environmentally-friendly, accessible, affordable, and safe transport solutions.