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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

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

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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. The ADB made the announcement on behalf of the MDBs at the Rio + 20 event in Rio de Janeiro.

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

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Yet current transport patterns, based primarily on private motorised vehicles, generates many social, environmental and economic costs, accounting for more than half of global liquid fossil fuel consumption and nearly a quarter of the world's energy related carbon dioxide (CO2) emissions (IEA, 2009). Resources.

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DOE fuel cell market report shows continued growth, with sales surpassing $1.3B worldwide in 2013

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In addition, eight states signed a Memorandum of Understanding to coordinate on zero-emission vehicle implementation. Deployments and orders for fuel cells for telecommunications backup expanded into the Middle East, China, the Philippines, and other international markets. — 2013 Fuel Cell Technologies Market Report.

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