GFEI helps countries access funds for climate change action 

17/05/2012 

 
GFEI has developed the guidance with TRL. 
The guidance document was launched during the Bonn UN Climate Change Conference

It is expected that the total fuel consumption of the international vehicle fleet will increase by more than 5% per year until 2030; more than half of the increasing vehicle fuel consumption will occur within developing countries. 

There is evidence to suggest that demand for vehicle fuel economy measures is increasing, but that it can be challenging for developing countries to obtain finance to support these measures. 

The GFEI and TRL have developed a guidance document that informs national governments in developing, and emerging, economies about some of the current sources of international funding that are available that could be used to support efforts to improve vehicle fuel efficiency. The guidance provides a practical and concise ‘reference of first resort’ for all those engaged in securing funding to promote vehicle fuel economy.  In doing so it aims to increase awareness, and understanding, of the support that is available.

The guidance document was launched at the The Bonn UN Climate Change Conference on 16 May 2012.

The paper highlights the rationale for improving vehicle fuel economy, which includes:

  • Reducing dependency on expensive (generally imported) oil
  • Improving economic performance
  • Safeguarding quality of life
  • Safeguarding the natural environment.

It also describes the ways in which vehicle fuel economy improvements can be financed, highlighting potential funding sources for measures including:

  • Maintenance and inspection policies
  • Driver behaviour
  • Fuel quality
  • Emissions control technologies
  • Advanced vehicles and fuel 
  • Future vehicles and fuel.

The handbook will supplement the existing in-country policy toolkit which GFEI is using to promote fuel economy policies around the world, in countries such as Indonesia, Kenya, Ethiopia and Chile.

Speaking on the launch of the handbook, Sheila Watson, Executive Secretary, GFEI said:

“The GFEI exists both to promote the issue of fuel economy and the benefits which can flow from it, and to support countries as they address the issue. This handbook will be an invaluable resource in that work, and we hope that many countries will use it as they seek to address this critical issue in the fight against climate change.”

Click here to download the Working Paper "Accessing International Financial Support Mechanisms for Vehicle Fuel Economy: A Guide for Developing Country Governments" (2.6mb) >