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Transport Readiness For Climate Finance: A framework to access climate finance in the transport sector

This draft paper aims to highlight the existing funds and opportunities, to provide a clear understanding on how to have access to these climate finance flows, and to catalogue what is needed in terms of performance tracking. Firstly the major climate financing mechanisms and institutions that fund transport are presented, noting their orientation towards transport investments and an overview of how to gain access to funding. Second, the paper discusses the preconditions for accessing and receiving climate finance in the transport sector and the major challenges involved in this process. Lastly, the paper describes the challenges and best practices of measurement, reporting, and verification (MRV) of emissions impacts from policy action.