Technology / Green Financing Critical to Decarbonizing the Indian Transport Sector
Published On:
Published By:
DINESH BHATT
NITI Aayog and World Resources Institute (WRI), India, with the support of GIZ India, conducted a virtual consultation workshop on ‘Financing for Decarbonization of Transport’ as part of the NDC-Transport Initiative for Asia (NDC-TIA) project.
The Government of India is actively working towards the decarbonization of transport, with a major focus on the adoption of sustainable mobility.
The aim of the workshop is to identify actionable strategies and bring together financing institutions and transport organizations to collectively work towards furthering innovative financing policies for the decarbonization of transport.
The workshop was attended by dignitaries from various ministries, NDC-TIA project partners, representatives of Indian banks, international financial institutions and private sector companies, and stakeholders and experts from the transport and financing sectors.
NITI Aayog CEO Amitabh Kant delivered the keynote address while Dr Stephen Koch, Minister and Head of the Department for Economic and Global Affairs, Germany, gave a special address.
In his keynote address, NITI Aayog CEO Amitabh Kant said, ‘We need more such financial instruments to provide a further impetus to clean mobility in India. This is why we need to bring states, domestic and international financial institutions, manufacturers and operators on the same page. We must come up with financing mechanisms that are widely applicable, acceptable and, most importantly, sustainable. We must foster shared mobility by leveraging private sector investments and unlocking financing for e-buses, which form the core of public transportation in our cities. Our overarching aim should be to balance the needs and aspirations of our citizens, improve liveability and productivity by improving connectivity, bring down the cost of logistics and accelerate clean mobility while taking an approach which is climate-centric and sustainable—not just from an environment point of view, but also from a financial perspective. Green financing will enable low interest cost financing of electric vehicles.’
Dr Stephen Koch said, ‘India requires a robust roadmap for the electrification of transport. Financing plays a crucial role here. Mobilization of capital is possible through multi-stakeholder collaborations. The NDC-TIA initiative brings together a wide spectrum of participants to facilitate peer-to-peer learning and information exchange on various themes, including “Financing the Decarbonization of Transport”.’
WRI India CEO Dr OP Agrawal said, ‘Transport, the third-most greenhouse-gas-emitting sector in India, accounts for 14of our energy-related CO2 emissions. It is also the most rapidly growing sector in the country. Therefore, moving towards a low carbon future would necessarily include accelerated decarbonizing of the transport sector.’
Amit Bhatt, Executive Director (Integrated Transport), WRI India, added, ‘The lack of availability of financing is one of the biggest impediments towards the decarbonization of the transport sector. Strategic investments and innovative financial solutions can kickstart an accelerated transition to 100zero-emission motor vehicles, which is an essential takeaway from the COP26 declaration.’
The NDC-TIA is a joint programme of seven organizations that engages India, China and Vietnam in promoting a comprehensive approach to decarbonizing transport in their respective countries. The project is part of the International Climate Initiative (IKI). The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supports the initiative on the basis of a decision adopted by the German Bundestag.
NITI Aayog is the implementing partner for the India component of the project.
इंडिया न्यूज़, बिग ब्रेकिंग न्यूज़ इन हिंदी, hindi news paper, hindi news bihar, hindi news up, hindi news aaj tak live, hindi news ndtv, hindi news delhi, hindi news abp, hindi news mp, hindi news 18, aaj tak hindi news, ndtv hindi news, bbc hindi news, google hindi news, all hindi news, abp hindi news, aaj tak hindi news live, hindustan hindi news, bihar hindi news, zee hindi news, hindi latest news, hindi cricket news, hindi google news, hindi zee news, hindi bollywood news, hindi zee news live, hindi abp news live, Attorney, attorney at law, attorney eric nelson, attorney general, attorney general barr, attorney general child support login, attorney general meaning, attorney general of india, attorney general ohio, attorney general us, attorney general william barr, attorney meaning, attorney meaning in hindi, attorney near me, attorney synonym, attorney vs lawyer, bank loan, bankrate mortgage rates, bbc hindi news, bbc news, best buy credit card, best credit cards 2021, bharat gas, bhg loans, biden news, biden news today, bihar hindi news, bjs credit card, blockfi credit card, bp credit card login, bright health insurance, british gas, caliber home loans, caliber home loans customer service, caliber home loans login, california state bar attorney search, cam newton news, capital one credit card, capital one secured credit card, car insurance, car insurance quotes, cardano news, cash store, cbc news, cenlar mortgage, chase credit card, cheap gas station near me, chevron credit card, children place credit card, chime credit builder card, china india news, circle k, cnn news, coatco gas, columbia gas, Conference Call , continental loans, costco gas, costco gas price, covid india news, Credit Card, credit card apply, credit card apply online, credit card barclays, credit card capital one, credit card chase, credit card citibank, credit card generator, credit card hdfc, credit card icici, credit card login hdfc, credit card payment hdfc, credit card sbi, Credit Limit, cure auto insurance, current mortgage rates, damian williams us attorney, david wohl attorney, defence india news, Degree, denver broncos news, detroit lions news, dhi mortgage, discount tire credit card, discover credit card, discover home loans login, discover student loans, district attorney, divorce attorney near me, doj attorney vacancies, Donate , durable power of attorney, ebay credit card login, elastic loans, electricity bill, electricity bill calculator, electricity bill check, electricity bill pay, electricity bill payment, electricity bill payment offers, electricity bill payment online, electricity board, electricity complaint number, electricity definition, electricity history, electricity invented, electricity outage, electricity pdf, electricity power, electricity rates near me, electricity song, elizabethtown gas, enduring power of attorney, eric nelson attorney, erika jayne news, estate attorney near me, estate planning attorney, estate planning attorney near me, eth gas, eth gas fees, examples of loans, fantasy football news, farmers insurance, farmers insurance agent login, features of insurance, fellowship home loans, fiesta insurance, firstmark student loans, flagged ppp loans, flood insurance, fox news, fred loya insurance, free credit card, freedom life insurance, freedom mortgage, freedom mortgage customer service, gas * price + value, gas can spout, gas company, gas fireplace installation, gas furnace installation, gas grills on sale near me, gas in the gastrointestinal tract is, gas india, gas jeans india, gas leak smell, gas mask, gas near me, gas particles, gas price, gas prices, gas rc cars for sale, gas shoes, gas shortage, gas shortage nc, gas station, gas station near me, gas stove, gaslighting, gateway mortgage, geico insurance phone number, germania insurance, germania insurance amphitheater, goodyear credit card, goodyear credit card login, google hindi news, google india news, google news, great lakes loans, halifax mortgage, hdfc credit card, hdfc credit card login, health insurance, helzberg credit card, hindi abp news live, hindi bollywood news, hindi cricket news, hindi google news, hindi latest news, hindi news 18, hindi news aaj tak live, hindi news abp, hindi news bihar, hindi news delhi, hindi news mp, hindi news ndtv, hindi news paper, hindi news up, hindi zee news, hindi zee news live, hindustan hindi news, home depot credit card, home improvement loans, home insurance near me, home owners insurance, home owners insurance near me, homedepot credit card, horace mann insurance, how to get pre approved for a mortgage, how to pronounce attorney, hucks gas station, huntington bank, ideal gas law, indane gas booking, india china border news, india china latest news, india china news, india covid news, india news bollywood, india news china, india news covid, india news google, india news hindi, india news in hindi, india news kundra, india news latest, india news live, india news live tv, india news online, india news pakistan, india news today, india news today live, india news tv, india tv live news, india tv news, indian defence news, indian news, indiana news, indianapolis news, installment loans near me, insurance bike, insurance car, insurance car compare, insurance geico, insurance health, insurance life, insurance progressive, insurance quotes, insurance quotes car, insurance travel, insurance types, investment property loans, john pierce attorney, kabul airport news, kabul news, kay jewelers credit card, Keyword, kohls credit card, kylie jenner pregnant e news, landlord tenant attorney, latest china india news, latest news today, Lawyer , life insurance, life insurance companies in my area, lighthouse insurance, lightstream loans, loancare mortgage, Loans, loans at home, loans for bad credit, loans for home improvement, loans for people with bad credit, loans for small business, loans near me, loans online, loans online same day deposit, loans payday, loans pdf, loans personal, loans tesco, loans with no credit check, malpractice attorney near me, marcus loans, medical malpractice attorney near me, medical power of attorney form, mercury credit card, Mortgage, mortgage affordability calculator, mortgage calculator, mortgage calculator td, mortgage calculator uk, mortgage calculators, mortgage companies near me, mortgage company, mortgage interest rates, mortgage interest rates today, mortgage loan meaning in tamil, mortgage meaning in hindi, mortgage natwest, mortgage rates, mortgage rates chase, mortgage rates wells fargo, mortgage refinance rates, mortgage repayment calculator, motorcycle accident attorney, msn news, mumbai news, mylicon gas drops, national grid gas, nationwide insurance, natural gas, natural gas generator, natwest mortgage, ndtv hindi news, nearest gas station, new mexico gas company, new orleans news, news 12 long island, news aaj tak, news abc, news bbc, news bihar, news google, news in hindi, news india, news live, news of the world, news today, news trump, news uk, nicor gas, nursing home abuse attorney, ohio attorney general, old navy credit card, one india news tamil, online electricity bill payment, online loan, only fans news, onlyfans news, open sky credit card, opploans, otto insurance, pakistan india news, pakistan news, patriots news, pay electricity bill online, payday loans, personal loan, personal loan eligibility, personal loans, personal loans near me, pet insurance, phh mortgage, plaza home mortgage, plural of attorney, power of attorney, power of attorney form, power of attorney form new york, primary residential mortgage, private placement life insurance, progressive insurance, prudential life insurance, pubg mobile india news, quick loans for bad credit, quicken loans, qvc credit card login, r kelly news, rbl credit card, real estate attorney, recast mortgage, revvi credit card, rocket mortgage, rocket mortgage fieldhouse, rocket mortgage login, rocket mortgage sign in, rsvp loans, rv insurance quote, san jose gas leak, sba disaster loans, sbi credit card, sbi credit card login, sbi loan, sbi loan scheme, sbi personal loan, seahawks news, shellpoint mortgage login, short term loans for bad credit, sky news, small business loans, south carolina attorney shot, south dakota attorney general, southwest gas, sps mortgage, state attorney office, state bar of california attorney search, static electricity, stomach gas, student loans, sumanasa hindi news, taliban news, telangana electricity bill payment, tesco loans, texas attorney general, times of india news, tjx credit card login, today, total visa credit card, travel insurance, truck accident attorney, trump news, types of electricity, types of loans, types of mortgage, u s mortgage meaning, u.s. mortgage meaning, united india insurance policy download, up electricity bill, us bank credit card login, uwm mortgage login, va mortgage rates today justfunded, valero gas station near me, ventless gas fireplace, verve credit card login, victoria secret credit card, washington football team news, washington gas, washington gas login, wells fargo mortgage, wells fargo mortgage customer service, wells fargo mortgage rates, what is comprehensive insurance, what is electricity in physics, what is electricity in science, what is gap insurance, what is insurance policy, what is mortgage process, who discovered electricity, who invented electricity, world news today, wrongful death attorney, yahoo news, zales credit card, zee hindi news, zee hindi news live, zee news hindi