Joint Statement by the Multilateral Development Banks at Paris, COP21

During the LPAA Transport Focus event, the world's eight multilateral development banks (MDBs) renewed their commitment to mitigate GHG emissions from transport and increase the resilience of transport to climate change. This followed on from the MDB Rio+20 Conference pledge to provide USD 175 billion for sustainable transport by 2022, having already provided USD 65 billion in the last three years.
In a joint statement released on December 3rd, the banks pledged to speed up action in the areas of climate finance, low-carbon transport solutions, and adaptation and resilience. The MDBs will increase their focus on low-carbon transport solutions and will continue to harmonize tools and metrics to assess transport-related GHG emissions.  

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