Sudmant, AWH orcid.org/0000-0001-8650-8419, Colenbrander, S, Gouldson, A orcid.org/0000-0002-1464-6465 et al. (1 more author) (2017) Private opportunities, public benefits? The scope for private finance to deliver low-carbon transport systems in Kigali, Rwanda. Urban Climate, 20. pp. 59-74. ISSN 2212-0955
Abstract
A significant portion of finance for a low-carbon transition is expected to come from private sources. This may be particularly the case in the transport sector, where there is a large private sector presence and substantial investment needs, and in low-income countries, where climate action is unlikely to be the first priority for public finances. However, it is unclear whether private finance can deliver the full range of actions that are needed for a low carbon transition, or what role the public sector can and should play to mobilise these resources. Kigali, the capital of Rwanda, is one of many cities in lower and middle income countries seeking to break away from business-as-usual trajectories and pursue more sustainable forms of urban development. In this paper, the economic case for a large set of low carbon transport investments in Kigali, Rwanda, is analysed from the perspective of a private investor and from the perspective of the city as an economic unit drawing on a data and methods used in a city-wide review of low carbon study of Kigali conducted in 2015 by the Climate Smart Cities team at the University of Leeds. Comparing the public and private perspectives provides the opportunity to explore the financing mechanisms and policy frameworks appropriate for different kinds of low-carbon investment, and to consider how governments in developing countries can lay the foundations for compact, connected low-carbon cities.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
Keywords: | Urban; Mitigation; Transport; Finance |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > School of Earth and Environment (Leeds) > Sustainability Research Institute (SRI) (Leeds) |
Funding Information: | Funder Grant number ESRC ES/LK006576/1 |
Depositing User: | Symplectic Publications |
Date Deposited: | 13 Mar 2017 12:05 |
Last Modified: | 23 Jun 2023 22:25 |
Published Version: | https://doi.org/10.1016/j.uclim.2017.02.011 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.uclim.2017.02.011 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:113498 |