Remove Cost Of Remove Financing Remove Philippines Remove Resource
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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

Green Car Congress

The Asian Development Bank (ADB) is providing $300 million towards a project that will replace 100,000 gasoline-burning tricycles in the Philippines with electric tricycles, or E-Trikes. Without intervention, the Philippines is on a course to almost quadruple CO 2 emissions in less than 25 years, the ADB said. million.

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Report Finds That Urgent Changes in Transport Financing Required to Enable More Sustainable Transportation Globally

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A key change will need to take place in how the costs of transport are internalized, as the wider costs to society arising from road accidents, poor health, social impacts and environmental degradation, often described as the ‘external' costs, are currently excluded from the price that transport users confront.