The document analyzes the climate impact of investing in high-speed rail infrastructure for inter-city passenger transport compared to other modes like cars, buses, conventional and high-speed trains, and aviation. It calculates the greenhouse gas emissions per passenger kilometer for different modes and assumes how traffic may shift from other modes to high-speed rail. Based on a hypothetical example of a new 500km high-speed rail line generating 1 million trips per year, it estimates it could reduce emissions by around 9,000 tons annually but that emissions from construction may take decades to offset. It concludes that the climate benefits of high-speed rail are small and other lower-cost measures may be better for reducing transport greenhouse gas emissions.