Đorđević, Emilija (2024) The Impact of Financial Mechanisms on Acceleration of Urban Transportation Systems Adaptation to Climate Change - Barcelona Case Study -. Bachelor thesis.
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Abstract
Urban transportation systems face increasing pressure to adapt to the challenges posed by climate change. The response to these challenges is exceedingly time-consuming. In order to achieve effective response to these challenges, climate adaptation projects must accelerate. The aim of this study is to compare the relationship between financial mechanisms and the acceleration between bus electrification projects in Barcelona, Spain. Literature suggests that multiple finance sources accelerate projects more effectively than a single source, the research contrasts this with empirical findings. Two projects are analyzed: the Electrobus project and the TB Clean Urban Transport Fleet Renewal project. While theory predicts a faster pace of acceleration for projects with multiple finance sources, the TB Clean Urban Transport Fleet Renewal project, funded by a single large loan, demonstrated more efficient progress compared to the Electrobus project, which relied on smaller grants and financing. The analysis reveals that strict financial regulations and economic crises can impede project timelines, as evidenced by the two-year delay in the Electrobus project. Both projects successfully reduced greenhouse gas emissions, but the Electrobus project provided precise data on emissions reduction, while data for the TB Clean Urban Transport Fleet Renewal project was less precise. Despite these differences, both projects underscore the importance of sustainable urban transportation initiatives in mitigating climate change impacts. The study concludes by highlighting the need for further research to explore the interplay between financial mechanisms and project acceleration in urban transportation contexts, considering factors such as funding size, regulatory constraints, and project complexity. Future research endeavors could offer valuable insights into optimizing financial strategies for enhancing the effectiveness of climate adaptation efforts in urban transportation systems
| Item Type: | Thesis (Bachelor) |
|---|---|
| Degree programme: | Spatial Planning and Design |
| Supervisor: | Busscher, T. |
| Date Deposited: | 22 Jul 2024 09:58 |
| Last Modified: | 22 Jul 2024 09:58 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4643 |
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