According to NITI Aayog, there is a need for more financial instruments to provide a boost to clean mobility in India, particularly shared mobility, while keeping its focus on finance methods that are widely acceptable, applicable, and sustainable. NITI Aayog has insisted on taking a sustainable and climate-centric approach both from an environmental standpoint and also from a financial standpoint.
In order to boost financing in the sector of clean mobility, international and domestic financial institutions, states, operators, and manufacturers should be brought on the same page.The aim should be to bring about a balance on the needs of the citizens of India so as to improve productivity and liveability. This can be done by bringing down logistics costs and accelerating clean mobility through a sustainable and climate-centric approach.A ‘Financing for Decarbonization of Transport’ workshop under the NDC-Transport Initiative for Asia (NDC-TIA) project was organized. This workshop was organized by NITI Aayog in association with the World Resources Institute (WRI), India, and GIZ India.
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