Scaled-up Sustainable Transport in support of the Paris Agreement on Climate Change and the 2030 Agenda on Sustainable Development

Transcription

1 Scaled-up Sustainable Transport in support of the Paris Agreement on Climate Change and the 2030 Agenda on Sustainable Development Cornie Huizenga/Karl Peet Partnership on Sustainable, Low Carbon Transport Climate Bonds Initiative Webinar Low Carbon Transport 101: Green Bonds for Rail Infrastructure 8 September 2016

2 6 Key Global Processes targeted by SLoCaT in Global Decade of Action on Road Safety Financing for Development 2030 Sustainable Development Agenda (SDGs) Paris Agreement on Climate Change 14 th United Nations Conference on Trade and Development Habitat III Global Processes on Sustainable Development and Climate Change present Transport Sector with Opportunities and Responsibilities

3 SLoCaT/PPMC and Global Processes on Transport Sustainable Development $175,000,000,000 For More Sustainable Transport HLPF SG High Level Advisory Group on Sustainable Transport Climate Change Habitat III SLoCaT Key Messages on Sustainable Transport Quito Action Plan on Sustainable Urban Transport Trade and Development UNCTAD SLoCaT Ministerial Round Table on Sustainable Transport UNCTAD Expert Group on Sustainable Transport

4 Moving Sustainable Transport forward in 2016 Develop a Global Narrative on Sustainable, Low Carbon Transport that supports short medium and long term action Common Framework setting out Goals on Transport, Sustainable Development and Climate Change Global Roadmap to decarbonize transport sector Quick Win Actions to encourage short term action to kick start the transformation of the transport sector

5 Common Framework on Sustainable Transport

6 Road Map for Decarbonizing the Transport Sector in the Context of Sustainable Development Roadmap for a zero net emission economy early in the second part of the century, to secure a well below 2 C climate target called for in Paris Agreement

7 Key Components in Road Map for Decarbonizing the Transport Sector 1 7 Synergistic urban transformation 2 6 Investment in adaptation & offsetting Adapted solutions for rural world 8 Financial & regulatory tools Low-carbon energy supply strategy Modal efficiency improvement 3 5 Unnecessary travel reduction Shortened supply chains 4

8 Approach to Developing the Road Map for Decarbonizing the Transport Sector More Ambitious than IEA 2DS Key Building Blocks are in place already Make innovation take center stage Avoid, Shift, Improve Institutional Synergy & Simultaneity

9 Quick Win Actions Criteria for Quick Win Actions: Common Framework Quick Win Actions Can be implemented in period Substantial sustainable development and climate change benefits Tested at scale Replicable across regions Contributes to long term transformation Cost effective positive economic returns Spurs action in passenger and freight transport Global Road map for decarbonizing transport sector /2080 Accelerate global phase-out of fossil fuel subsidies Sustainable Urban Mobility Planning Tighten fuel economy standards Sustainable freight recognition schemes

10 Financial Needs to Meet Transport Sector Climate Change Targets Roughly $13.5 trillion in investments in energy efficiency and low-carbon technologies over 15 years needed to implement NDCs

11 Financial Needs to Meet Transport Sector Infrastructure Requirements Annual global transport investment need of ~$1.5 trillion per year; $3 trillion net need by 2035, to increase sustainability of systems

12 Financial Needs to Meet Transport-Relevant Sustainable Development Goals Annual investments to meet SDG targets estimated at $1.5 to $3 trillion (= ~10-15 times available ODA)

13 Linkage between CBI Low Carbon Transport Standard and Global Processes, SLoCaT/PPMC Priorities Only ambitious mitigation will decouple transport emissions from economic growth Requires journey avoidance, modal shift, and fuel supply shifts Decarbonisation of the transport sector requires more than incremental change Ambitious performance standards demonstrate need for transformational change Potential for radical decarbonisation is dependent on broader climate policy Electric and hydrogen-powered transport show promise but require systemic change for broad adoption CBI Transport Bond criteria are designed with required rigor and sufficient flexibility to meet needs of an evolving sector

14 Thank You!