A Binsted – AEA, New Street Square, London, EC4A 3BF
D Naberezhnykh – TRL, Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GA, UK
D. Palmer -TRL, Crowthorne House, Nine Mile Ride, Wokingham, Berkshire, RG40 3GA, UK
In developing economies, there can be the perception that due to their relatively low total fuel consumption vehicle fuel economy should not be a priority.
Total fuel consumption could, however, increase by more than 5% per year until 2030, and more than half of this increase is expected to occur within developing countries. The global vehicle fleet is predicted to triple by 2050 with over 80% of the growth occurring in the developing world. Any strategies to reduce dependence on fossil fuels should therefore target vehicle fuel economy in developing countries.
While the demand and necessity for vehicle fuel economy measures is increasing it can be challenging for developing countries to obtain finance to support them. This paper is based on a project funded by the FIA Foundation and supported by UNEP (the United Nations Environment Programme), which led to the development of a practical and concise guide that informs primarily national governments about some of the current sources of international funding that are available that could be used to support vehicle fuel efficiency. This paper provides an insight into the reasons why the guidance document was produced and the diversity of international sources of finance that are available to support the development and implementation of vehicle fuel economy measures. It also provides an insight into some of the factors that applicants could consider from an early stage to increase the likelihood of applications for finance being successful.