The transport sector represents a major share in global emissions but has been largely neglected by the carbon markets.

Climate Focus makes a strong case for the allocation of climate finance to promote the use of bicycles for urban transport. An increasing number of municipalities in developing counties are recognizing the opportunity that cycling offers to reduce greenhouse gas emissions while also improving the quality of life in cities. Climate finance can support municipalities in emerging economies develop bike-friendly infrastructure and promote cycling.

Prioritizing bicycles ensures personal mobility of all income groups. Investing in car infrastructure only marginalizes the poor as they either cannot take part or have to spend a large share of their dispensable income on transport, particularly in developing countries.