Using Green Financing Mechanisms for Funding Efficient and High-Capacity Public Transport

This research project examines how green bonds are used to finance tramway systems in three medium-sized Nordic cities: Aarhus, Lund, and Tampere. These innovative financing mechanisms have introduced, among other things, new decision-making processes, the involvement of new stakeholders, and financial risks.

The project analyses how green bonds influence investment efficiency, institutional instruments, and the environmental, social, and economic dimensions of the tramway projects. Through a comparative study of the three cases, the project aims to identify patterns, challenges, and success factors in green financing of public transport investments.

The findings contribute new knowledge on infrastructure financing, green finance, and the economic conditions underpinning public transport. They also provide valuable insights for planners, policymakers, and investors engaged in the development of sustainable mobility systems.