Transport is the number-one source of air pollution in cities, causing serious problems to human health, the economy, climate and the environment. Current approaches to reducing transport emissions have not led to the desired results, leaving regulators with challenges of mitigating climate change and protecting public health and wellbeing. The Air Quality & Transport (AQT) Climate Bond provides public authorities and investors with exciting opportunities to capitalize on clean transport projects that monitor, manage and reduce real-world emissions. Returns on investment are maximized through co-benefits of improved public health and economic productivity, climate change mitigation and reduced public expenditure on transport-related externalities, allowing for sustainable use of potentially stranded assets. The AQT Bond is particularly suitable for public and private actors wanting to take global leadership on air quality management and climate change mitigation, providing win-win-win solutions that benefits people, the economy and the environment.
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