Climate Finance for Sustainable Transport!
!   Holger Dalkmann, Director, EMBARQ!
!   IX Congreso Internacional de Transpo...
Emission
Pledges
and
Emission
Scenarios	
  
Source: The Emission Gap Report, UNEP, 2012
The
Emission
Gap	
  
Source: The Emission Gap Report, UNEP, 2012
How to
Bridge the
Gap -
Results
from
Sectorial
Analysis 	
  
 
	
  
Transport is key against climate change
BUT energy use & GHGs still increasing… 	
  
“Co-benefits” of actions: Climate Change & Costs
Source: International Energy Agency (IEA) 2012 Energy Technology perspect...
Increased Investment is Needed	
  
Source: International Energy Agency, 2013!
23% 2.5
31
Share of source energy
emissions ...
Global Transport Spending	
  
	
  
8	
  
PUBLIC	
  SECTOR	
  
PRIVATE	
  SECTOR	
  
FDI	
   Interna+onal	
  Borrowing	
  
...
Annual Global Transport Investment by Source	
  
Domestic Budgets	
  
Leading transport programs:
•  JnNURM (India) Budget: ~US$ 2.1 billion in 2013
- Jawaharlal Nehru Nat...
Official Development Assistance (ODA) 	
  
Source:	
  Asian	
  Development	
  Bank,	
  2013	
  
!   Transport spending is ...
Environmental/Climate Funds	
  
*Estimated. Sources: GIZ, 2010; 2012 annual reports and related publications from each fun...
New Funding Channels 	
  
Fast-Start Finance (FSF)!
•  Pledge from UNFCCC Copenhagen Accords in 2010!
•  36 developed coun...
Big Picture 	
  
GEF, CTF, CDM
$175 billion
Green Climate Fund
Sustainable Low
Carbon Transport
Financial Strategy	
  
Initial
Government
Investment!
Total
Project
Resources!
PROJECT
PLANNING
IMPLEMENTATION OPERATIONS ...
!   Climate Finance is not a silver bullet!
!   Domestic finance is and will be still the core part of future
investment of...
!   hdalkmann@wri.org!
! EMBARQ.org!
!
!
!   Contact us at embarq@wri.org!
!   Follow us on Twitter: @EMBARQnetwork!
Graci...
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Climate finance for sustainable transport - Holger Dalkmann, EMBARQ Director, at Congreso Transporte Sustentable

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About the importance of transport finance in financing the shift towards the low carbon economy. With examples about the main sources of CO2 emissions, the best options to reduce emissions to put us on the right path towards lower increase in global temperatures. Also with slides about the main finance mechanisms, both public (international and domestic) and private for transport.

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Climate finance for sustainable transport - Holger Dalkmann, EMBARQ Director, at Congreso Transporte Sustentable

  1. 1. Climate Finance for Sustainable Transport! !   Holger Dalkmann, Director, EMBARQ! !   IX Congreso Internacional de Transporte Sustentable! !   Mexico City, Oct. 1, 2013!
  2. 2. Emission Pledges and Emission Scenarios   Source: The Emission Gap Report, UNEP, 2012
  3. 3. The Emission Gap   Source: The Emission Gap Report, UNEP, 2012
  4. 4. How to Bridge the Gap - Results from Sectorial Analysis  
  5. 5.     Transport is key against climate change BUT energy use & GHGs still increasing…  
  6. 6. “Co-benefits” of actions: Climate Change & Costs Source: International Energy Agency (IEA) 2012 Energy Technology perspectives!
  7. 7. Increased Investment is Needed   Source: International Energy Agency, 2013! 23% 2.5 31 Share of source energy emissions from transport Factor increase by 2050 Trillion dollars of investment needed to mitigate emissions growth Trillion dollars of global annual transport investment
  8. 8. Global Transport Spending     8   PUBLIC  SECTOR   PRIVATE  SECTOR   FDI   Interna+onal  Borrowing   Climate  Bonds   User  payments   Carbon   Market   ~  $  75  million   Environmental/   Climate  Funds   ~  $  690  million   DomesIc   Budgets   ~  $  450  billion   MulIlateral  &   Bilateral  ODA   ~  $  14  billion   Transport   Sustainable  Transport   Int’l  &  DomesIc   Private    Finance   ~  $  530  billion   Sources: WRI; OECD CRS, 2010; CPI, 2012; UNFCCC, 2007; IMF GFS, 2011; OECD Stat.
  9. 9. Annual Global Transport Investment by Source  
  10. 10. Domestic Budgets   Leading transport programs: •  JnNURM (India) Budget: ~US$ 2.1 billion in 2013 - Jawaharlal Nehru National Urban Renewal Mission - Financing/TA for urban infrastructure in 63 cities •  PROTRAM (Mexico) Budget: ~US$ 9 billion in 2013 - Federal Mass Transit Program - Loans/Grants for mass transit activities in cities of 500,000+
  11. 11. Official Development Assistance (ODA)   Source:  Asian  Development  Bank,  2013   !   Transport spending is usually non-sustainable, but there is movement toward sustainable modes:! -  ADB (graph at right)! -  $175 billion! !Rio commitment! -  STAR framework (below)! ! Asian  Development  Bank  Spending    
  12. 12. Environmental/Climate Funds   *Estimated. Sources: GIZ, 2010; 2012 annual reports and related publications from each fund. Name Acronym Year  Created Admin Total  Spending   Approved Total  Spending  on   Transport ProporIon   MULTILATERAL Global  Environment  Facility GEF 2010* WB $452  million $292.5  million 6.5% Clean  Technology  Fund CTF 2008 WB $2.3  billion $256.4  million 10.9% Global  Climate  Change  Alliance GCCA 2007 EC $368  million $10  million 2.7% IDB  Sustainable  Energy  and   Climate  Change  IniIaIve SECCI 2007 IDB $58.7  million $5.2  million** 8.9% Nordic  Development  Fund NDF 1989 Nordic   Countries 174.9 10.7 6.1% ADB  Climate  Change  Fund CCF 2008 ADB $50.1  million 4.7  million* 9.4% ADB  Clean  Energy  Fund   (Partnership  Facility) CEF(PF) 2007 ADB $72.3  million $2.9  million 3.1% Partnership  for  Market   Readiness PRM 2012 WB $5.25  million $3million 2.7% BILATERAL InternaIonal  Climate  IniIaIve ICI 2008 BMU $900  million $20.49  million 2.3% Japan  Fast  Start  Fund  IniIaIve   (8  projects) n/a 2009 JICA $10.8  billion $1.4  billion 13%
  13. 13. New Funding Channels   Fast-Start Finance (FSF)! •  Pledge from UNFCCC Copenhagen Accords in 2010! •  36 developed countries to quickly put up $30 billion! •  Funds to be distributed through any funding source.! •  Example: Japan’s Fast Start Fund ! Green Climate Fund (GCF)! •  Goal of sufficient and predictable funding for mitigation/adaptation! •  Public and private sector focused ! •  Aims to be operational in 2013 ! •  Expected total budget of $100 billion by 2020! Nationally Appropriate Mitigation Action (NAMA)! •  Aims to encourage more mitigation action! •  Flexible and reduces time/resource barriers to mitigation action.! •  3 types: unilateral, supported, and credited! •  NAMA Facility ($90 from UK and Germany to support NAMA activities)!
  14. 14. Big Picture   GEF, CTF, CDM $175 billion Green Climate Fund Sustainable Low Carbon Transport
  15. 15. Financial Strategy   Initial Government Investment! Total Project Resources! PROJECT PLANNING IMPLEMENTATION OPERATIONS & MAINTENANCE Multilateral ODA! Domestic Commercial Loan! Foreign ! Equity! Climate Fund Grant! Example funding stream:! Bilateral Agency Loan!
  16. 16. !   Climate Finance is not a silver bullet! !   Domestic finance is and will be still the core part of future investment of infrastructure! !   However, there are growing opportunities! !   Important to align those in a most efficient manner! !   A clearing house or a one stop shop might help to coordinate! Key Messages  
  17. 17. !   hdalkmann@wri.org! ! EMBARQ.org! ! ! !   Contact us at embarq@wri.org! !   Follow us on Twitter: @EMBARQnetwork! Gracias! Thank you!!

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