Transport is the largest contributor to UK domestic greenhouse gas emissions, responsible for 24% of domestic emissions in 2019. Within the sector, road transport was the largest emitter of GHGs, with cars alone contributing 55% of this total.
Reducing transport emissions is a crucial part of tackling climate change, meeting the UK’s net zero target and embracing the 2030 internal combustion engine (ICE) phase out, with the additional benefits of reducing air and noise pollution and creating skilled jobs across the supply chain.
Road transport is a complex and inherently interconnected ecosystem and the financial solutions needed to support and enable decarbonisation require a collaborative approach across multiple sectors and value chains within the future mobility ecosystem, underpinned by a strong policy and regulatory framework. Both public and private finance have a critical role to play.
The Green Finance Institute established the Coalition for the Decarbonisation of Road Transport (CDRT) in May 2021 to unlock the financial barriers to the decarbonisation of road transport and enabling infrastructure, initially in the UK, to support the transition to a zero-carbon and climate resilient economy.
In May 2022, the CDRT released Powering the Drive to Net Zero: Unlocking Public and Private Capital for the UK Battery Sector. This report highlights the opportunity to invest in the burgeoning global demand for EV batteries, which will underpin the future of road transport. But warns that there is a narrow window to seize this opportunity, and significant barriers to investment must be overcome. The CDRT puts forward a series of solutions to overcome barriers that are holding back investment and is now working towards piloting and launching these demonstrator solutions.
“Finance is the engine of this transition. It is a critical enabler in helping the real economy transition to a net-zero carbon model, and multiple financial players must be engaged to scale investment.”
Minister Trudy Harrison, Parliamentary Under Secretary of State for Transport (Department for Transport)
Our focus areas
Link public and private finance to unblock barriers to the creation of a strategic vehicle charging network.
Unlock the required capital across the battery technology ecosystem at scale and speed.
Our demonstration projects
Our coalition members
Members of the Coalition for the Decarbonisation of Road Transport include individuals from:
- Amberside Advisors
- CAP HPI
- Carbon Laces
- Climate Solutions
- Connected Kerb
- Derwent Valley Car Club
- Energy Savings Trust
- EVA England
- Finance & Leasing Association
- Global Infrastructure Investor Alliance
- Grant Thornton
- Green Fox Community Co-operative
- Haydock Finance
- Horizon Energy Infrastructure
- Lloyds Banking Group
- Lombard Odier
- M&G Investment Management
- Midlands Connect
- Mistral Group
- NatWest Group
- Net Zero Asset Finance Limited
- Octopus Electric Vehicles
- Osborne Clarke
- P27 Limited
- Propel ABS
- Prospedia Capital
- Ratel Consulting
- Riversimple Movement
- Transport for London
- The EV Network
- Tisbury Electric Car Club
- Triodos Bank