OECD Environment Working Papers

1997-0900 (online)
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This series is designed to make available to a wider readership selected studies on environmental issues prepared for use within the OECD. Authorship is usually collective, but principal authors are named. The papers are generally available only in their original language English or French with a summary in the other if available.

Mobilising Private Investment in Sustainable Transport

The Case of Land-Based Passenger Transport Infrastructure You or your institution have access to this content

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Géraldine Ang1, Virginie Marchal1
Author Affiliations
  • 1: OECD, France

21 May 2013
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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.
urban planning, climate change, transport policies, transport, private investment, infrastructure, climate finance, development
JEL Classification:
  • G18: Financial Economics / General Financial Markets / Government Policy and Regulation
  • L92: Industrial Organization / Industry Studies: Transportation and Utilities / Railroads and Other Surface Transportation
  • O18: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Urban, Rural, Regional, and Transportation Analysis ; Housing ; Infrastructure
  • Q01: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / General / Sustainable Development
  • Q50: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / Environmental Economics / General
  • R40: Urban, Rural, Regional, Real Estate, and Transportation Economics / Transportation Economics / General
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