Mayors in around 100 cities have said that investing in public transport could create 4.6 million jobs by 2030 and cut transport emissions.
This would help create a green recovery from COVID-19 and improve equality, particularly for the more vulnerable members of society.
It could also positively impact the economy, with the potential for every $1 invested in public transport to generate $5 in economic returns.
In a world reeling from the impact of COVID-19, investing in public transport could create 4.6 million jobs by 2030 and cut transport emissions, mayors in some 100 cities said.
A "green and just recovery" with investment in buses and trains, particularly electric vehicles, would also reduce car use and air pollution, and protect vulnerable residents, said C40, a network of cities pushing for climate action.
"The road to recovery is paved with investments in our infrastructure," said C40's Cities Climate Leadership Group chairman and Los Angeles Mayor Eric Garcetti, in a statement.
"Public transportation is more than just a way to move people around. It's a vehicle for opportunity, equity, and a better quality of life."
Several major public transport systems were decimated by the new coronavirus pandemic as cities ground to a halt, with New York predicting a $6 billion deficit in 2021 and Paris losing nearly $4 billion in revenue in 2020, the C40 report said.
Home to 60% of the world's population, cities have borne the brunt of the crisis, with nearly 100 million people - mostly women and ethnic minorities - at risk of poverty due to the economic fallout, the report said.
Every $1 invested in public transport could generate $5 in economic returns, while every $1 billion invested could create 50,000 jobs, the C40 report said.
Cities are key to combating climate change because they generate three-quarters of carbon emissions, earlier studies have found, with urgent action needed to meet a 2015 goal to avoid catastrophic warming.
C40 said a green recovery would also support low-income workers who rely on public transport to get to work, especially women and young people - who the United Nations says have been hit hardest by job losses during the pandemic.
What is the World Economic Forum doing to promote sustainable urban development?
Cities are responsible for 75% of global greenhouse gas emissions and are home to over half of the world’s population—a number that will grow to two-thirds by 2050. By prioritizing cleaner energy, cities could contribute more than half of the emissions cuts needed to keep global warming to less than 2°c, which would be in line with the Paris Agreement.
To achieve net-zero and nature-positive cities and communities by 2050, the World Economic Forum is partnering with public and private sector stakeholders on initiatives that drive global ambition through local action. Here are just a few:
Davos Baukultur Alliance: Advancing high-quality planning, construction and management of buildings, infrastructure, and public spaces using principles based on climate resilience, sustainability and circularity in the built environment. Learn more.
Global New Mobility Coalition: Exploring new solutions to reduce congestion and emissions, enhance EV infrastructure and transform urban mobility and deliveries. Learn more.
Alliance for Urban Innovation: Connecting innovators and entrepreneurs to new markets and opportunities that reimagine and reshape quality of life and local economies. Learn more.
G20 Global Smart Cities Alliance: Accelerating intelligent, practical solutions to build climate resilience, enhance public well-being and tackle the most pressing challenges facing cities and local communities. Learn more.
Future of Travel and Tourism: Driving inclusive and sustainable economic growth while preserving cultural heritage and protecting natural ecosystems. Learn more..
Discover how you can be a part of our efforts to create more sustainable and livable cities and communities. Contact us here.
"This is the time to invest in strong local public services, including in public transport infrastructure to ensure a just, prosperous and green future for all," said Rosa Pavanelli, head of Public Services International, a trade union.
"Without strong public transport systems, workers - especially women, migrant, young, precarious and informal workers - face greater barriers to access employment," said Pavanelli, whose union is backing C40's investment call.
