Target transportation to reduce current – and prevent future – emissions

Retrofitting older diesel engines with diesel particulate filters can remove up to 95% of BC. Countries around the world must implement policies to phase out polluting vehicles, set emission standards, and accelerate the uptake of EVs and hybrids, especially in urban regions where transportation demand is growing rapidly. A successful shift to EVs demands national investments complemented with international financing and private capital. Multilateral development banks need to play a pivotal role in this transition, with strategies like concessional finance to fast-track key projects and stimulate private sector investment.

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