Enabling the Green Bonds Market for Sustainable Transport Projects Based on the Measure/Monitoring, Reporting and Verification Method

Abstract

With increasing impacts of climate change in recent years, resulting from changes in temperature and climate patterns due to anthropogenic actions, the search for mitigation tools has become urgent. As it is considerably dependent on fossil fuels, the transportation sector ends up emitting greenhouse gas (GHG) without a rigorous mitigation policy, in view of its essentiality for the entire society. Thus, this study seeks to provide proposals for the neutralization and mitigation of GHG in the transportation sector, aiming at the compliance of Nationally Determined Contributions (NDCs), through the adoption of instruments such as Green Bonds and methods such as Measure/Monitoring, Reporting and Verification (MRV). In this context, this study aims to present and describe steps needed to identify and evaluate mitigation actions in order to reduce GHG emissions and resource depletion through the implementation of green projects focusing on the transportation sector. The roadmap created allows guiding transport decision-makers on the best sustainable transport projects underway and indicates those that need intervention.