The Low Carbon Transport Technical Working Group has 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 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.

The standard has opened a 60-day period of public consultation, investor and industry comment.

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