EVENT RECAP: Consultation Workshop on ‘Financing for Decarbonisation of Transport’
Hosted under the Forum for Decarbonising Transport
•
Hosted under the Forum for Decarbonising Transport •
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. 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.
NITI Aayog: Green financing critical to decarbonize India’s transport sector
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 livability 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.
Insisting on taking an approach which is climate-centric and sustainable - not just from an environment point of view, but also from a financial perspective, NITI Aayog CEO, Amitabh Kant stated during the event that green financing will enable low interest cost financing of electric vehicles.
Author: Nikita Gupta
