STORY HIGHLIGHTS
- The Clean Bus project, which is supported by the ÐÓ°ÉÂÛ̳¡¯s Nationally Determined Contributions (NDC) Support Facility, has demonstrated the potential for cost-effectively scaling up clean mobility in Latin American cities. The project has also helped mobilize a multi-sectoral community of leaders committed to achieving the region¡¯s climate mitigation goals.
- Decreasing battery costs coupled with a growing share of renewables in the electric grid hold promise for overcoming obstacles that have typically stalled the uptake of electric vehicles in Latin America and elsewhere.
- The Chilean capital, Santiago, is a frontrunner in the adoption of battery-electric buses in the region. Rethinking diesel subsidies and mainstreaming green finance ¨C efforts that have been made by officials in Santiago ¨C will help other Latin American cities scale up clean mobility and make progress on their .
This marked a first in the region, and images of the state-of-the-art buses driving in convoy toward their new home in Chile¡¯s capital city drew international attention.
This transformation is expected to help the country meet one of the targets included in its Nationally Determined Contributions (NDCs) that were set in the run-up to the Paris Agreement. The specific target calls for a 30% reduction in GHG emissions per unit of GDP by 2030, with transportation being one of the main sectors for mitigation.
The story of Santiago, however, remains an exception in the region. Though Latin American countries have signaled their intentions to embrace a low-carbon future, the transition to low and zero-emission