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 November, the CDRT released Road to Zero: Unlocking public and private capital to decarbonise road transport, a report which focuses on two key aspects of the road transport decarbonisation challenge: Purchase and Leasing of Electric Vehicles by consumers and accelerating the roll out of Electric Vehicle Charging Infrastructure. The report comprises a market-led review of the barriers to mobilising capital towards these areas and proposes a portfolio of 18 demonstrator solutions, co-designed alongside members of the Coalition, to address the challenges identified.
“As we accelerate towards a net zero future, I’m delighted that government and industry are coming together to encourage more people to make the switch to zero-emission vehicles.”
Minister Rachel Maclean, May 2021
Parliamentary Under Secretary of State at the Department for Transport
Our focus areas
Co-design new and enhance existing financing solutions to encourage increased EV adoption.
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 coalition members
Members of the Coalition for the Decarbonisation of Road Transport include individuals from:
- Amberside Advisors
- CAP HPI
- Carbon Laces
- Derwent Valley Car Club
- Energy Savings Trust
- EVA England
- Finance & Leasing Association
- Global Infrastructure Investor Alliance
- Grant Thornton
- Green Fox Community Co-operative
- Lloyds Banking Group
- Lombard Odier
- M&G Investment Management
- Midlands Connect
- Mistral Group
- NatWest Group
- 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