The work described in this report was carried out by the Transport Research Laboratory (TRL), and has benefited from an extensive consultation with, and reviews from, key experts in transport and climate policy around the world.

The work is made in contribution to the aims of the Partnership on Sustainable Low-Carbon Transport (SLoCaT Partnership), a group of organisations working to enhance the contributions of the transport sector in addressing climate change within the context of sustainable development.

This White Paper draws from and is intended to contribute to a number of other related initiatives, for example the work conducted by the German Technical Cooperation (GTZ) on its Sourcebook Module on Financing Sustainable Transport.

The paper is an initial attempt to identify the challenges and actions needed to finance the paradigm shift towards sustainable, low-carbon transport in developing countries. It is meant to be a living document, to which further work by SLoCaT members can be added.