As city populations grow, the transportation of physical goods is an increasingly important lynchpin in the global supply chain. In 2020, road freight emitted over 2.2 billion tons of carbon, two times more than air, sea, and rail freight combined.
Reducing freight emissions in rapidly growing regions like Latin America and India presents a challenge and opportunity, all while considering access to clean and reliable electricity, nascent infrastructure, and credit worthiness. In the most densely populated Latin American cities, road freight emissions are estimated to double by 2050. India’s urban freight industry is projected to grow 140% by 2030.