Global Facility to Decarbonize Transport (GFDT)
Annual Reports
2024 Annual Report
The 2024 GFDT Annual Report covers the period from January 1, 2024 to December 31, 2024. Throughout 2024, GFDT-funded activities delivered advisory services to 55 government entities, provided technical support to 28 countries, and produced or are developing 48 flagship reports, technical studies, and transport decarbonization roadmaps. This work has mobilized two approved World Bank-financed green mobility investments, with eight more in preparation.
GFDT-funded activities are projected to avoid ~508,000 tonnes of CO₂ equivalent (tCO₂e) from the two approved investments, rising to ~3 million tCO₂e when including the additional eight in preparation.
These GFDT-supported green mobility projects demonstrate the multiplier effect of GFDT’s approach: for every $1 invested into GFDT, $63 has been mobilized in World Bank financing for transport decarbonization, and an $149 additional is on track to be mobilized, resulting in a total expected leveraging ratio of 1:212.
2023 Annual Report
The 2023 Annual Report of the Global Facility to Decarbonize Transport (GFDT) covers the period from September 1, 2022 to December 31, 2023. This is GFDT’s first annual report.
During the reporting period, GFDT-funded activities engaged 13 countries and 94 government entities via advisory services, technical support or capacity building; published numerous action plans, strategy documents, and policy recommendations; and informed and enhanced 8 World Bank lending operations under preparation, and 12 operations under implementation.
In addition, GFDT allocated $3.2 million in grants to seven activities, which are expected to catalyze $480 million in World Bank financing for green mobility projects.
