One part of the jigsaw in tackling climate change is ensuring that policies and projects for climate change mitigation are properly funded. Carbon financing is seen as a means of generating the necessary financial and investment flows. TRL is exploring the opportunities for carbon financing at a national and international level.
Despite measures to develop carbon financing instruments, including the Clean Development Mechanism (CDM), their application to the transport sector has so far been limited. TRL is currently liaising with key institutes, such as the Asian Development Bank, the Clean Air Initiative and the German Technological Co-operation Agency (GTZ), to develop a framework for carbon financing in the transport sector post-Kyoto. We're working with our clients to identify innovative financing mechanisms which support low-carbon transport strategies and help policy-makers promote effective carbon financing.
Our in-house experts in policy, economics and climate change have a good understanding of the global framework for carbon financing, including close links with the United Nations Framework Convention on Climate Change. We have proven capabilities around high-level policy formulation in developing countries, where carbon financing is particularly needed. Our specialist knowledge in transport economics, including road financing and transport appraisal, enables us to deliver highly relevant solutions.
Our key capabilities in this area include:
- identification of innovative funding mechanisms
- advice and guidance to policy-makers
- developing and disseminating good practice
- data collection and analysis.