Mobilising Private Investment in Sustainable Transport: The Case of Land-Based Passenger Transport Infrastructure

Geraldine Ang and Virginie Marchal
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Geraldine Ang: OECD
Virginie Marchal: OECD

No 56, OECD Environment Working Papers from OECD Publishing

Abstract: Transport infrastructure is a pillar of economic development and a key contributor to climate change. Globally, transport-related greenhouse gas emissions are expected to double by 2050 in the absence of new policies. There is an urgent need to scale-up and shift transport infrastructure investments towards lowcarbon, climate-resilient transport options and help achieving the environmental, social and economic benefits associated with sustainable transport infrastructure. Given the extent of investment required to meet escalating global transportation infrastructure needs, and the growing strains on public finances, mobilising private investment at pace and at scale will be necessary to facilitate the transition to a greener growth. Investment barriers, however, often limit private investment in sustainable transport infrastructure projects, due to the relatively less attractive risk-return profile of such projects compared to fossil fuelbased alternatives. In part, this can be attributed to market failures and government policies that fall short of accounting for the full costs of carbon-intensive road transport and the benefits of sustainable transport modes.

Keywords: climate change; climate finance; development; infrastructure; private investment; transport; transport policies; urban planning (search for similar items in EconPapers)
JEL-codes: G18 L92 O18 Q01 Q50 R40 (search for similar items in EconPapers)
Date: 2013-05-21
New Economics Papers: this item is included in nep-ene, nep-env, nep-ppm and nep-tre
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