The Climate Instruments for the Transport Sector (CITS) study, commissioned by the Asian Development Bank (ADB) and the Inter-American Development Bank (IDB), assesses the current state of affairs with regard to the impact on the transport sector in
developing countries of the Clean Development Mechanism (CDM), Global Environment Facility (GEF) and Clean Technology Fund (CTF). Based on desk analysis and case studies in Asian and Latin American cities, this study also provides recommendations for the successful scaling up of climate finance and capacity building in the transport sector, particularly through the use of nationally appropriate mitigation actions (NAMAs), a new financial mechanism being developed under the United Nations Framework Convention on Climate Change (UNFCCC).