Innovation in Public Transport Finance

Innovation in Public Transport Finance
Author: Shishir Mathur
Publisher: Routledge
Total Pages: 229
Release: 2016-05-23
Genre: Business & Economics
ISBN: 1317116445

With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.

Sustainable Urban Transport Financing from the Sidewalk to the Subway

Sustainable Urban Transport Financing from the Sidewalk to the Subway
Author: Arturo Ardila-Gomez
Publisher: World Bank Publications
Total Pages: 111
Release: 2015-12-31
Genre: Business & Economics
ISBN: 1464807574

Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."

Innovative Financing

Innovative Financing
Author: United States. Congress. Senate. Committee on Environment and Public Works
Publisher:
Total Pages: 140
Release: 2003
Genre: Federal aid to transportation
ISBN:

The Accelerating Transport Innovation Revolution

The Accelerating Transport Innovation Revolution
Author: George Giannopoulos
Publisher: Elsevier
Total Pages: 390
Release: 2019-04-17
Genre: Social Science
ISBN: 012813805X

The Accelerating Transport Innovation Revolution: A Global, Case Study-based Assessment of Current Experience, Cross-sectorial Effects and Socioeconomic Transformations, offers a comprehensive view of current state-of-the-art and practices around the world to create innovation on a revolutionary scale and connect research to commercial exploitation of its results. It offers a fascinating new model of the innovation process based on theories of biological ecosystems, general systems theory and basins of attraction (represented through space-time graphs well known in mathematics). Furthermore, it considers – through a number of dedicated chapters - key issues and elements of innovation ecosystems, such as: Causal Factors and system constraints affecting the development and sustainability of innovation ecosystems (Chapter 4); Review of innovation organization and governance in key countries and regions (Chapter 5); the role of technological "Spillovers" (Chapter 6); Collection and use of data for innovation monitoring and benchmarking (Chapter 7); Intellectual Property protection between competing ecosystems (Chapter 8); Economics of innovation (Chapter 9); Public and private sector involvement in Transport innovation creation (Chapter 10); the role of the individual entrepreneur - innovator in energizing change (Chapter 11). Finally, in Chapter 12, there is a thorough summary of key findings. This book uses a paradigmatic approach to augment the innovation ecosystem model of innovation that integrates beliefs and learning into the innovation ecosystems model. It therefore includes ten case studies from the U.S., Europe and Asia, detailing how innovation is created across continents and different ecosystems and what are the critical lessons to be learned. It does this, effectively, at five different levels of analysis i.e. the individual innovator / entrepreneur level, the organization level (government agency or company), the regional ecosystem level, the nation-state level and the global – systemic or international level. Each level of analysis, reveals unique features of the innovation landscape and the ten case studies allow the reader to assess when and where specific "enablers" are facilitating innovation especially on a revolutionary scale. The need for the book came from the realization that despite the billions of dollars spent on various research programs over the past 20 years (especially in the public sector), there have been few clear and tangible efforts directed at exploring how innovation production increasingly occurs and the critical factors necessary to sustain large-scale, revolutionary change as the future unfolds. Thus, a primary theme of the book is that understanding how research results translate into market innovation and implementation, especially understanding the nature of revolutionary innovation, is as important as the creation of innovations themselves. While the focus of the book is on Transportation, the concepts and recommendations presented apply to other fields too. - Formulates and presents a workable and comprehensive new model of innovation - Defines and analyzes many concepts and notions related to innovation, research and market implementation - Examines the critical factors affecting innovation production and successful commercial implementation of research results - Examines organizational models of coordination, governance, data collection, process analysis and use of intellectual property tools - Includes recent, well-researched and documented case studies of successful innovation ecosystems across the world mainly – but not only – in the Transport field

Impact tokenization and innovative financial models for responsible agrifood supply chains

Impact tokenization and innovative financial models for responsible agrifood supply chains
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
Total Pages: 90
Release: 2021-10-15
Genre: Technology & Engineering
ISBN: 9251350590

This report provides a comprehensive summary and analysis on how impact tokenization and innovative financial models can promote responsible agri-food supply chains. Recent advances in the development of impact tokenization techniques, distributed ledger technology, and innovative financial models have created new opportunities to improve transparency, verification, and incentive alignment across multiple stakeholders in agri-food supply chains. This report outlines those opportunities and describes how practitioners and policymakers can implement enhanced methods for efficiently defining and verifying impact in agri-food supply chains. The report concludes with an analysis of the most promising financial models for promoting responsible agri-food supply chains.

Innovative Green Public Procurement of Construction, IT and Transport Services in Nordic countries

Innovative Green Public Procurement of Construction, IT and Transport Services in Nordic countries
Author:
Publisher: Nordic Council of Ministers
Total Pages: 106
Release: 2010
Genre: Social Science
ISBN: 9289320311

The term Innovative Green Public Procurement (IGGP) comprise all public procurement activities, which seek to stimulate eco-innovation through demands and interaction with suppliers and other stakeholders with the purpose of improving the environmental performance of products and services. The eco-innovative potentials for three selected product groups are investigated through desk studies and a series of interviews with key stakeholders in the Nordic countries. The purpose was to form a picture of the potential benefits that can be achieved in the Nordic countries through IGPP. The report includes: - Identification of the eco-innovative potential of each product group - Relevant incentives for stimulating eco-innovation through public procurement - Barriers for exploiting the eco-innovation potential - Input to strategies for innovative green public procurement.

Financial and Technological Innovation for Sustainability

Financial and Technological Innovation for Sustainability
Author: Artie Ng
Publisher: Taylor & Francis
Total Pages: 214
Release: 2023-11-03
Genre: Business & Economics
ISBN: 1000992489

The COVID-19 crisis has proven that sustainability of an institution or organization requires a constant review of one’s strategic positioning and the execution of pertinent plans in response to evolving externalities. Resilient organizations continue to revive themselves through effective R&D and the renewal of their range of products and services. Financial and Technological Innovation for Sustainability: Environmental, Social and Governance Performance examines approaches to sustainability under the ongoing development of energy sustainability and the green finance initiatives. It unveils global heterogeneous efforts in achieving Environmental Social Governance (ESG) performance in light of climate change, global sustainability and concerns over corporate “greenwashing”. The book assembles a wealth of case studies from a variety of contemporary organizations that actively pursue sustainable development while seeking their next economic growth. These global cases demonstrate the salience of governance that institutes continuous advancements to enable the timely revitalization of corporate strategies, technological innovation and deployment of financial resources for sustainability transformation regardless of their stages of lifecycle. They reveal distinct approaches to financial and technological innovation in Africa, Asia, Europe and North America in pursuing the shared UN Sustainable Development Goals. The intertwined public-private partnership and implications of geopolitics under an evolving global financial system for sustainability transformation are articulated. This book will appeal to academics as well as business and finance professionals, who are keen to understand the interrelationship between financial and technological innovation, and to those who want to comprehend the underlying global challenges and opportunities of adopting emerging technologies to reinvent a business model that forges measurable and impactful ESG performances.

Capacity Building in Local Authorities for Sustainable Transport Planning

Capacity Building in Local Authorities for Sustainable Transport Planning
Author: Andree Woodcock
Publisher: Springer Nature
Total Pages: 371
Release: 2023-01-01
Genre: Architecture
ISBN: 9811969620

This book is conceptualized as being of interest to researchers in the field of sustainable transport, and also those who are working in the field. In the first case it will provide a reference on the state of the art of sustainable transport, and will also include insights into an EU project, how to go about delivering impact, how such projects effect local authorities, etc. Sustainable transport is an extreme growth area; it is highly innovative, with multi-million-pound investments transforming cities. The book will help and encourage resource poor small to medium local authorities catch up and meet their sustainability targets.

The Dark Side of Innovation

The Dark Side of Innovation
Author: Alex Coad
Publisher: Routledge
Total Pages: 125
Release: 2022-02-23
Genre: Business & Economics
ISBN: 1000544907

This book is a reaction to popular assumptions that innovation is always a force for good. While the popular press and politicians often take the view that "the more innovation, the better", the chapters in this edited volume reflect on the harmful effects of innovation on society and the environment. The book begins with a broad discussion of the dark side of innovation, followed by contributions by various experts in the area. It is a critical reply to the innovation optimists, complementing the list of indicators that show steady human progress with a list of indicators that show sustained deterioration (largely due to innovation). The volume outlines some relevant dimensions of harmful innovation, before distinguishing between the types of harm brought on by innovation. The various contributed chapters focus on the following themes: a bibliometric analysis of the scientific literature on the harmful consequences of innovation; harmful side-effects from solar photovoltaic waste; harmful consequences of process innovations on working practices in areas such as accountancy; the difficulties of transferring innovations from research to practice in clinical healthcare; and the harmful consequences of social innovations. The chapters in this book were originally published as a special issue of the journal Industry and Innovation.