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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.

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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 Transportation is central to the social and economic activity of people across the world. Transport is also typically responsible for around 80% of developing cities' local air pollution and more than 1.3 Resources.