ADB Transport Forum: shift to greener transport in Asia key to global sustainability; investment of $2.5T needed by 2020
Asia must scale up sustainable transport development or face a bleak future of congested roads, pollution, ill health and economic damage, which could have ripple effects around the world, the third ADB (Asian Development Bank) transport forum heard earlier this month in Manila.
Booming cities and rising incomes are fueling a surge in vehicle fleets across Asia. In 1980, just one in 10 motorized vehicles in the world was in Asia, but by 2030 the region is expected to account for nearly half the global total. The epidemic of cars and trucks already weighs heavily, with Asia’s cities now suffering the highest air pollution levels in the world and traffic accidents in the region killing nearly 2,000 people a day.
Without a change in current transport development patterns in Asia, global carbon dioxide emissions and fuel prices will keep rising, with consequences for climate change, energy security, and economic growth.
The choice is to let unsustainable transport become entrenched with dire consequences for the economy, quality of life, health and climate change, or to begin making the changes needed for a sustainable transport future.—Bindu Lohani, Vice President for Knowledge Management and Sustainable Development at the Asian Development Bank (ADB)
Asia’s policymakers are already responding, with investments in railways and other non-motorized public transport, user friendly urban planning, and the adoption of efficiency measures like fuel economy standards for vehicles. However, Asia’s needs are vast, with estimated investments of $2.5 trillion required between 2010 and 2020 to help close the infrastructure gap in transport.
ADB has provided financing, knowledge, and capacity building support to help developing member countries scale up sustainable transport development. Its sector loans are around $3 billion a year and growing, including assistance for bus rapid transit systems in Bangladesh and People’s Republic of China (PRC), as well as metro rail lines in Viet Nam.
It is also supporting climate change mitigation and adaptation measures such as the planned development of inland waterways in the PRC to reduce road freight volumes; and cross border transport initiatives, including regional railways. By 2020 lending for roads is expected to be overtaken by investment in urban transport, railways and other subsectors.
The third ADB Transport Forum focused on “Inclusive and Sustainable Transport,” providing a platform for more than 400 global transport experts, civil society representatives, development partners and senior officials from developing member countries to discuss key regional transport challenges, share knowledge, and brainstorm ideas to improve the sector.
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