The Low Carbon Transport Standard has been out for public comment since late October and is now nearing the end of its consultation phase. We welcome all interested parties to submit comments to Justine Leigh-Bell before COB 31 December.
The draft Low Carbon Transport criteria can be downloaded here.
Next Steps
Following the conclusion of the public consultation, the proposed criteria for Low Carbon Transport will be reconsidered in light of the comments received. A revised draft will then be submitted to the Climate Bonds Standards Board for approval.
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The Climate Bonds Initiative’s Low Carbon Transport Standard will certify that transport infrastructure is compatible with 2°C warming
In late October, the Low Carbon Transport Technical Working Group released the world’s first Low Carbon Transport Standard for climate bonds. The proposed standard will only certify investments in transport infrastructure that are compatible with a 2°C warming outcome. The Technical Working Group is convened under the auspices of the Climate Bonds Initiative and comprises 12 internationally recognised academics and experts.
Certified Low Carbon Transport climate bonds could finance heavy and light rail systems, EVs, hybrid vehicles, cycling and bus rapid transit infrastructure
The basic requirement for a project to be certified under the Low Carbon Transport Climate Bonds Standard is that it meets the per passenger/km or the per tonne/km GHG emission thresholds. Projects likely to be eligible include:
- Freight and passenger rail; infrastructure, infrastructure upgrades and rolling stock (exception: freight corridors built primarily to transport fossil fuels)
- Electric, hydrogen or hybrid vehicle projects
- Cycling and bicycle infrastructure
- High quality Bus Rapid Transit (BRT) systems
- Technologies that allow new low carbon behaviour e.g. car clubs or bike sharing
- Integrated multi-modal transport systems and networks
Members of the Low Carbon Transport Technical Working Group
- Heather Allen, Transport Research Laboratory
- Lewis Fulton, University of California’s Davis Institute of Transportation Studies
- Michael Replogle, Institute for Transportation and Development Policy
- Gary Hoffman, Rail Planning Consultant, GM Hoffman Consulting
- Elizabeth Deakin, University of California’s Berkeley Institute for Environment Design
- Karl-Josef Kuhn, Siemens
- Cornie Huizenga, SLoCaT – Partnership for Sustainable Low Carbon Transport
- Benoit Lefevre, World Resources Institute
- Arie Bleijenberg, TNO, The Netherlands Organisation for Applied Scientific Research
- Prof. Danang Parikesit, President of the Indonesian Transport Society, Professor of Transportation at Universitas Gadjah Mada and transport policy advisor to the Indonesian Government
- Carol Lee Rawn, Director, Transportation Program, Ceres
- Nick Owen, Principal Consultant, E4 Tech Transport Consultants
- Max Jensen, Head of Public Transport Division, European Investment Bank
