[sustran] Fwd: Development Banks Announce “Game Changer” for Sustainable Transport at Rio+20

[Sujit Patwardhan]

21 June 2012


*"This is a game changer for sustainable transport. It will ensure that
hundreds of millions of people will have cleaner air, less congested roads,
and safer transportation.*

*“Ten years ago transportation wasn’t even in the discussion; now it’s a
major outcome from the world’s preeminent conference on sustainable
development.*



While we wait for our decision makers to become "game changers" (instead of
being stumbling blocks for sustainable development - not just
transportation), it's good to see the intentions of development bankers at
Rio+ conference.

Do read.

--
Sujit








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Date: Wed, Jun 20, 2012 at 9:35 PM
Subject: Development Banks Announce “Game Changer” for Sustainable
Transport at Rio+20
To: sujit at parisar.org



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   [image: Transoeste
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 Development Banks Announce "Game Changer" for Sustainable Transport at
Rio+20

The world’s largest multi-lateral development banks — led by the Asian
Development Bank, the World Bank, and others — committed to provide more
than *$175 billion* over 10 years to support sustainable transport in
developing countries.

The announcement was made at the UN Sustainable Development Conference in
Rio de Janeiro (Rio+20) by the African Development Bank, Asian Development
Bank, CAF- Development Bank of Latin America, European Bank for
Reconstruction and Development, European Investment Bank, Inter-American
Development Bank, Islamic Development Bank, and the World Bank.

*Following is a statement from our director, Holger
Dalkmann<http://cts.vresp.com/c/?EMBARQ/9b8e796db3/5756e6ca9a/f50049cd18>
:*

"This is a game changer for sustainable transport. It will ensure that
hundreds of millions of people will have cleaner air, less congested roads,
and safer transportation.

“Ten years ago transportation wasn’t even in the discussion; now it’s a
major outcome from the world’s preeminent conference on sustainable
development.

“Banks are putting their money where it matters — on streets built for
people, not just cars. The world’s population is expected to surpass 9
billion by 2050, with more than half living in Asia, mostly in urban areas.
At the same time, the rate of vehicle ownership is predicted to skyrocket
from around 800 million cars a decade ago to around 2 billion in 2030.
These two mega-trends are coming together to create an environment where
people must compete for financial, institutional, and physical resources.
In response, we need better urban designs; more sustainable transportation
modes, like walking, biking and mass transit; and improvements in existing
vehicle and fuel technology.

“This investment is not just about improving the way people move from point
A to point B; it’s also about providing access and mobility for the poor
and improving road safety, not to mention reducing transport-related
greenhouse gas emissions. Transport is no small piece of the climate change
pie: the sector represents approximately one-quarter of global CO2
emissions.

“Today’s announcement will no doubt encourage other decision-makers,
especially national governments, to consider financing transport projects
based on social and environmental benefits. It will push sustainability
into the core of urban development.

“At the same time, we need to make sure that the money gets invested into
the right kind of projects, and that there are sound mechanisms to measure
its impact. This will require full transparency and independent monitoring.

“Countries often invest in transportation and infrastructure, but much of
that goes into highways. We need to be smarter about where money flows,
whether that means creating vibrant public spaces, providing safer
infrastructure for pedestrians and cyclists, or building high-tech,
low-cost transit systems. Doing this would be a paradigm shift in the way
we finance the growth of sustainable cities, similar to what the Asian
Development Bank has done with its Sustainable Transport Initiative, a
lending and technical assistance program for transport projects in Asia and
the Pacific that emphasizes inclusive economic and environmentally
sustainable growth.

“EMBARQ, the World Resources Institute’s center for sustainable transport,
is a founding member of the Partnership on Sustainable Low Carbon
Transport, which helped to catalyze this new financial commitment by the
banks.

“Years from now, we may look back at Rio+20 as the moment when transport
was pushed to the top of the sustainability agenda.”

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*[image: Inline image 1]
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*Parisar*
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Sujit Patwardhan
patwardhan.sujit at gmail.com
sujit at parisar.org <sujitjp at gmail.com>
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Tel: +91 20 25537955
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