Abstract:

This working paper provides a comprehensive analysis of climate finance for transport projects in low- and middle-income countries (LMICs) across Asia, Africa, and Latin America. By examining 839 transport projects and presenting 14 detailed case studies, the paper explores international climate finance sources—including climate funds, multilateral development banks, donor governments, and private investors—and their support for transport projects, from building all-weather roads to electric mobility and public transport. The case studies offer valuable insights into how LMICs access climate finance for low-carbon and resilient transport.