%0 Thesis
%9 Bachelor
%A Đorđević, Emilija
%D 2024
%F theses_frw:4643
%P 20
%T The Impact of Financial Mechanisms on Acceleration of Urban Transportation Systems Adaptation to Climate Change - Barcelona Case Study -
%U https://frw.studenttheses.ub.rug.nl/4643/
%X 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