Carbon credit opportunities for the global rail sector
Zeroca and UIC have jointly produced a guidance paper that sets out the mechanisms and opportunities presented by carbon credits for railways around the world. Review key points and download the full paper below.
1. Carbon markets represent a largely untapped source of potential revenues which may be used to finance new urban rail, road-to-rail or high-speed rail projects;
2️. In existing systems, carbon markets can help to accelerate the transition to low-emissions rail operations through energy efficiency improvements or the acquisition of modern rolling stock;
3️. For project owners in emerging markets, the opportunities offered by the new ITMO framework created under Article 6 of the Paris Agreement unlocks the possibility of securing valuable long-term support from foreign governments (in particular from Western Europe and Asia) to finance climate-friendly rail-related initiatives in the Global South.