Category

Green Transport

Category

Mobility and transport are crucial for economic development and personal freedom. Freight transport delivers goods within a city and across countries of the Belt and Road Initiative (BRI) with trucks on roads, with trains and with ships (and to some extent by plane). People move similarly with public transport (such as high-speed trains, subways, electric buses), private transport means (such as taxis, electric vehicles, cars) and non-motorized transport (such as bikes, walking).
Investments in transport infrastructure play a decisive role in BRI countries – constituting about 30% of all BRI investments. As transport is responsible for about 15-20% of global greenhouse gas emissions and mobility is expected to rise, it is paramount to find green financing solutions for green transport technologies. In this section, we look at green finance trends in Belt and Road Initiative countries in the green mobility and green transport sector.

For the Chinese version, click here. Introduction Greening urban transport is paramount to achieving global climate targets. With urban population increasing by 2.5 billion people, particularly in many countries of the Belt and Road Initiative (BRI), much hope is put on green mobility technologies and innovation. Their application depends on the availability of investments and smart policies. In this summary of a research project financed by the EC-Link project of the European Union, three urban transport scenarios for the year 2033 are presented. They are designed to help understand possible development paths, financing needs and climate impacts. The full report will be published by the European Union in early 2020. Urban transport developments in the Belt and Road Initiative The BRI aims to increase economic activity by improving connectivity of economic areas through infrastructure investment. Since 2013, Chinese investors have financed about 194 billion USD on transport related projects in…

The original article was published in Chinese by the International Institute of Finance (IIGF) here. Passenger car sales in China have been declining over the past 12 months and experts expect “only” 22 million car sales in China in 2019. This is good news – but not good enough. Car sales in China could drop by 75% to about five million cars per year. This would provide people with better mobility, better lives and achieve the Chinese goal of achieving an ecological civilization and sustainable development that includes economic development. In this article, I will lay out the arguments of how China should seize the opportunity to become the leader in sustainable passenger mobility development through its innovation power in the mobility ecosystem and how green finance can accelerate this development. Sending the wrong signals – 600 million cars by 2050? According to official statistics by the NDRC, China aims…