Financing the Decarbonisation of Public Transport: Lessons from the Clean Development Mechanism

Jaspal Singh has 16+ years of experience in mobility, innovation, and technology space. He is currently serving as the Senior Director of Membership and Global Operations (MGO) at UITP (International Association of Public Transport). His earlier roles include serving as the Manager of the IT and Innovation Committee and as the Head of the UITP India Office.

He is also the host of Mobility Innovators Podcast. He has a 360-degree view of the sector as he has worked with the public agencies, operator, startups, and consulting firms.

He is also Principal at Valoriser Consultants, Inc. specializing in new mobility, cleantech, startups, electric mobility, and ITS. Previously, he was working with a public transit authority, reforming the urban transport system in India. In past, he also worked with Uber India’s early team to navigate the regulatory challenges and build partnerships.

He has received several awards for his contribution in the field of public transport and social work, as well as has been widely quoted in publications. He completed his Master of Management and Innovation (MMIE) at Queen’s University, Canada and received his master’s in business administration specialized in International Business.

He is actively working with startups in mobility and logistics space as an advisor, mentor, and investor. Jaspal is an avid traveller and travelled to around 55 countries around the world and counting.

Véronique is VP Sustainability & CSR for ALSTOM. With her team she is in charge of the Strategy definition & coordination with functions, Product Lines and Regions 
Véronique Andriès was previously Eco-design Director at Alstom, where she defined the company strategy, objectives and workplan for environmental performances improvement of the group solutions. She took care about Alstom units ecodesign objective alignment, key programs environmental objectives and  group referential. 
She was also in charge of coordinating Alstom’s Core Competency Networks (CCN) , ensuring the alignment of the 34 CCNs practices and road map, developing the networks efficiency and visibility and managing budget and steering committees.  
Véronique holds a PhD in Organic Chemistry from the University of Lille (North France)

Jürg Grütter is Co-Founder of Zeroca and Founder and CEO of Grütter Consulting. He is a leading international expert in transport carbon markets and a recognized developer of carbon credit methodologies for the transport sector. His work includes the development of methodologies for public transport, including the methodologies for Mass Rapid Transit (MRT) and Bus Rapid Transit (BRT) under the Clean Development Mechanism (CDM).

He has also played a key role in the development of successful transport carbon projects that have effectively accessed carbon market finance, including pioneering projects such as TransMilenio in Bogotá and the Delhi Metro, among others.

Jürg has developed more than 50 transport carbon credit projects across Africa, the Americas, Asia, and Europe, and has led major electric mobility initiatives, funds, and strategies in more than 30 countries worldwide. His extensive experience spans carbon markets, climate finance, sustainable transport, and the design and implementation of innovative approaches to mobilize climate finance for the transport sector.

(Turkish version follows)

Mehmet Canbulut was born in Kayseri in 1982. He earned his Bachelor’s degree in Mechanical Engineering in 2004. From 2004 to 2009, he worked as an R&D and production engineer in various private sector companies.

In 2009, with the launch of Kayseri Transportation Inc., he began working as a Vehicle Maintenance Engineer for rail system vehicles. During this time, he contributed to numerous improvement and localization projects. He played a key role as the project manager for the « Innovative Bogie Design and Prototype Production for 100% Low-Floor Local Tram Production » project, supported by TÜBİTAK. This project marked the first step in producing local and national rail system vehicles, which are now in operation in Kayseri.

In 2014, he was promoted to Workshop Manager. After an internal restructuring in 2018, he transitioned to the role of Human Resources and Financial Affairs Director at Kayseri Ulaşım A.Ş.

Canbulut has also conducted research on green financing for urban public transportation in Turkey. He holds Master’s degrees in both Mechanical Engineering and Finance.

In 2022, he was appointed General Manager. He is married and has two children.

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1982 Yılında Kayseri’de doğdu. 2004 yılında Makine Mühendisliği Lisans derecesini aldı. 2004-2009 yılları arasında farklı özel sektör kuruluşlarında ar-ge mühendisi ve üretim mühendisi olarak çalıştı.

2009 yılında Kayseri Ulaşım A.Ş.’nin faaliyetlerine başlaması ile birlikte Kayseri Ulaşım A.Ş.’de raylı sistem araçları Araç Bakım Mühendisi olarak göreve başladı. Bu görevde olduğu sürede birçok iyileştirme ve yerlileştirme projesinde görev aldı. Şu an Kayseri’de faaliyette bulunan yerli ve milli raylı sistem araçlarının üretime geçmesinin ilk adımı olan TÜBİTAK destekli “%100 Düşük Tabanlı Yerel Tramvay Üretimini Sağlayacak Yenilikçi Boji Tasarımı ve Prototip Üretimi” isimli projede Kayseri Ulaşım A.Ş. adına proje yürütücüsü olarak görev aldı.

2014 yılında Atölye Müdürü olarak atandı. 2018 yılında Şirket içerisinde yürütülen rotasyon ve organizasyonel gelişim çalışmaları neticesinde İnsan Kaynakları ve Mali İşler Direktörü olarak Kayseri Ulaşım A.Ş.’de çalışmalarına devam etti.

Ülkemizde kent içi toplu ulaşımın yeşil finansmanı konusunda araştırma çalışmaları bulunan Mehmet Canbulut Makine Mühendisliği ve Finans alanlarında Yüksek Lisans derecelerine de sahiptir.

2022 Yılında Genel Müdürlüğe atanan Canbulut evli ve iki çocuk babasıdır.

Lidera la estrategia de sostenibilidad de la empresa a nivel de grupo empresarial, la integración transversal de criterios ESG en los proyectos de electromovilidad para el transporte público, y el relacionamiento estratégico para el desarrollo de proyectos.

Presidenta de la Plataforma de Desarrollo Sostenible de la División de América Latina de la UITP.

He is a public transport professional with over 25 years of experience in different phases, fields, and modes.

Currently, working for uitp as senior advisor to academy and head of Eurasia, responsible for peer review and assessment services as well as content management for training programs.

He completed the Ph.D. program in Business Administrations, with a thesis “Effects of Formalization of Informal Transport System on Stakeholder Satisfaction”.

He started his public transport journey in METRO ISTANBUL in 1999 and worked for six years in different positions such as signaling engineer, maintenance planning, software development engineer, risk management, etc.

He was head engineer for Kayseri rail system construction project in which later became managing director of the operator company, Kayseri Transportation. Under his management the company took over the operation of bus system including rural transport, bike sharing system, electronic fare collection, city car parking system, fiber communication backbone of the city, R&D center that developed smart traffic management and enforcement systems. Under his mandate, with his innovative approach the company received several national and international awards.

During his public transportation carrier, he worked in different fields and took different management roles like fixed installation (communication, power, track, signaling, overhead catenary) manager, RAMS&EMC manager, R&D manager, corporate development manager, construction manager, vehicles, and maintenance manager.

He was a member of the policy and executive board, and chairman of light rail division of UITP between 2015-2019. He was chairman of UITP informal Transport working group and member of presidential committee between 2019-2021. He was the president of Rail System Operators Association TÜRSİD, in Turkey. Vice president of Anatolian Rail Transportation Systems Cluster, ARUS. He was the Member of higher advisory board of Kayseri Industrial Chamber, Vice president board of Turkish quality association of Kayseri, and Member of the Advisory Board of İstanbul Technical University, Railway Safety and Security Application & Research Center.