Financing Jeepney Fleet Modernization: A Comprehensive Literature Review on Addressing Challenges in the Transition to Low-Carbon Transport

Date

6-2024

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Gideon P. Carnaje

Committee Member

Emmanuel Genesis T. Andal, Ma. Angeles O. Catelo

Restrictions

Restricted: Not available to the general public and to those bound by the confidentiality agreement. Access is available only after consultation with author/thesis adviser.

Abstract

This study conducted a systematic literature review on the challenges in the financing of low-carbon transport transition and applied the insights gained from the systematic literature review to the case of financing the Jeepney Modernization Program in the Philippines. Specifically, the study addressed the following questions: What are the ways of financing the transition to low-carbon transport, and what strategies have other countries employed? What challenges have they faced in similar modernization projects? What are the differences in the experience of financing the transition to low-carbon transport involving modes of transport that are run by the public sector, compared to those run by the private sector? What lessons can be gleaned from the experience of other countries the apply to the financing of jeepney fleet modernization in the Philippines?

Significant global financial barriers identified include high vehicle and infrastructure costs, limited access to affordable capital, and scarcities in public and donor finance. The public sector benefits from greater access to funding and policy implementation capabilities but faces bureaucratic inefficiencies and political risks. The private sector shows higher efficiency and innovation but depends on stable government policies and faces higher perceived risks.

Effective project finance planning is crucial, involving diverse funding sources and financial sustainability. Public-private partnership (PPPs) can provide necessary capital, distribute risks, and align benefits. Government policies and incentives, such as subsidies and tax incentives, are essential to encourage low-carbon technologies. Supporting local manufactures can reduce costs, create jobs, and stimulate the economy.

Language

English

LC Subject

Jeep automobile, Compensatory financing

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2024 E2 T46

Document Type

Thesis

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