Bus Rapid Transit (BRT) is a high-capacity public transport service that generally runs on dedicated lanes, offering fast and consistent journey times. BRT is enjoying growing popularity in Africa, where six systems are already operational and another ten are under development.
An updated railway line will provide densely populated communities with fast, reliable transit.
The World Bank and its new Global Facility to Decarbonize Transport (GFDT) are working toward innovative solutions that will help reduce the climate footprint of transport while boosting economic growth and development.
The GFDT provides the World Bank with a vehicle to deliver catalytic funding to formulate, innovate, and scale up support to client countries to decarbonize transport and build resilience, while also meeting growing mobility needs.
Transport accounts for 20% of the world’s greenhouse gas emissions and, with urbanization and motorization on the rise in developing countries, this could grow to 60% by 2050. The Global Facility to Decarbonize Transport is designed to accelerate investments and innovation.
This series of reports and events delivers practical recommendations for scaling up low-carbon transport, with a focus on overcoming investment barriers and developing innovative financial instruments.
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.