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

Green Car Congress

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. Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries. Sustainable transport solutions are available.

ADB Transport Forum: shift to greener transport in Asia key to global sustainability; investment of $2.5T needed by 2020

Green Car Congress

Asia must scale up sustainable transport development or face a bleak future of congested roads, pollution, ill health and economic damage, which could have ripple effects around the world, the third ADB (Asian Development Bank) transport forum heard earlier this month in Manila. In 1980, just one in 10 motorized vehicles in the world was in Asia, but by 2030 the region is expected to account for nearly half the global total.

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