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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. Sustainable transport solutions are available. —ADB President Haruhiko Kuroda.

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

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The report, A Paradigm Shift Towards Sustainable Low Carbon Transport , finds that more than $1.5 trillion is spent annually on transport globally, mostly in ways that exacerbate rather than solve the problems associated with traffic growth, including congestion, health-harming air pollution, accidents, energy insecurity, and climate change.

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

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Although early markets such as stationary power and material handling account for the bulk of sales, DOE noted that the fuel cell industry made “tremendous progress” in the light-duty transportation sector in 2013. General Motors received the most fuel cell patents for the third year in a row, with 128. Earlier post.). Earlier post.).

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