I want to ride my bicycle! Financing sustainable transport

Abstract

A sustainable economy 'meets the needs of the present without compromising the ability of future generations to meet their own needs' [3] and a sustainable transport system should support this overall goal. The definition of sustainable finance applied in this chapter thus goes beyond the basic idea that financial institutions need to be robust enough to survive turbulent economic conditions. It also goes beyond the idea that government and private sector entities (represented in financial markets by instruments such as government bonds, corporate bonds and equities) must be sound enough to survive volatile markets. Sustainable finance is a broader concept, denoting financial institutions and structures in which being financially sound is necessary but ancillary to their broader goal of facilitating and supporting a sustainable economy, and within that, a sustainable transport system.