1. Home
  2. »
  3. Blog
  4. »
  5. Presentation of the Roadmap to Promote the Financing of Sustainable Transport
Presentation of the Roadmap to Promote the Financing of Sustainable Transport
Since 8 months
LAB México presents a roadmap to promote sustainable transportation in Mexico.

by Alberto Padilla.

Transportation represents one of the greatest challenges in terms of mitigating greenhouse gas (GHG) emissions and reducing the impact on the health of the urban population, as well as being a critical element for the population’s social well-being and quality of life.

However, Latin American countries are slow in moving towards the use of sustainable transport. That is why LAB México, an initiative proposed by the Inter-American Development Bank (IDB) with the support of the IKI Initiative, has proposed a working group to address this issue.

As a result of this working group, the presentation of the roadmap to promote sustainable transportation in Mexico was held on July 27. The document was promoted by LAB and the National Bank of Works and Services (BANOBRAS) and seeks to empower subnational governments in their mobility strategy.

This Roadmap summarises the main recommendations for a national initiative to accelerate the adoption of sustainable transportation. Three lines of action are proposed:

Harmonise public policy and promoting actions to facilitate the design, development, adoption and/or identification of sustainable transportation financing alternatives.

Promote technical assistance in transport that develops capacities in subnational governments to structure sustainable mobility projects, from their conceptualization, structuring and contracting to the operation and follow-up of the implemented project.

Taking advantage of financial instruments that allow credit institutions to understand the opportunities and challenges of financing these projects, while being able to understand the revenue logic for debt service and mitigate the risks associated with this type of programme.

The graph shows the elements of each of the axes of this roadmap:

Banobras will continue to lead this initiative, coordinating the activities to be developed in each proposed axis.

Source: IKI Alliance.

This post is also available in: Spanish

Plan for Companies to Disclose Emissions and Climate Risks
The Securities and Exchange Commission (SEC), the governing body of U.S. securities trading, plans to require all publicly traded companies to disclose their greenhouse gas emissions in a standardized manner, accordin...
Since 1 month Read More
COP 26: Sustainable finance in the spotlight
If COP26 in Glasgow will not be remembered for having reached an ambitious agreement (like Paris or Kyoto), it will be remembered for being predominantly the COP of finance. Corporations and banks and the coalitions t...
Since 3 months Read More
COP 26: Adaptation and Loss and Damage, issues that get recognition but, as the case may be, little action
The Paris Agreement (PA) includes a global goal on adaptation to the adverse impacts of climate change - in Article 2(b). New financial pledges to support developing countries in achieving this goal were made public a...
Since 4 months Read More