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Mobilising Private Investment in Sustainable Transport: The Case of Land-Based Passenger Transport Infrastructure

Author

Listed:
  • Géraldine Ang

    (OECD)

  • Virginie Marchal

    (OECD)

Abstract

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.

Suggested Citation

  • Géraldine Ang & Virginie Marchal, 2013. "Mobilising Private Investment in Sustainable Transport: The Case of Land-Based Passenger Transport Infrastructure," OECD Environment Working Papers 56, OECD Publishing.
  • Handle: RePEc:oec:envaaa:56-en
    as

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    File URL: http://dx.doi.org/10.1787/5k46hjm8jpmv-en
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    Cited by:

    1. Moreira, Paulo Pires, 2017. "Why do Portuguese Railways Languish? An Application of Internalisation of Transport Related Externalities," MPRA Paper 79058, University Library of Munich, Germany.
    2. Rode, Philipp & Floater, Graham & Thomopoulos, Nikolas & Docherty, James & Schwinger, Peter & Mahendra, Anjali & Fang, Wanli, 2014. "Accessibility in cities: transport and urban form," LSE Research Online Documents on Economics 60477, London School of Economics and Political Science, LSE Library.
    3. George Bogdan DRAGAN, 2014. "Optimal Industrial Organization As Knowledge Management Challenge On The Railway Sector," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 199-206.

    More about this item

    Keywords

    climate change; climate finance; development; infrastructure; private investment; transport; transport policies; urban planning;

    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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