In News

In order to promote the idea of ‘Financing for Decarbonisation of Transport’, a consultation workshop was organised virtually by the NITI Aayog in collaboration with World Resource Institute, India.

Importance of Workshop

• The initiative of financing the decarbonisation of transport will be a sustainable climate-centric approach that will not only benefit the environment but also be of advantage from a financial perspective.
• It is in alignment with India’s active participation in mitigating climate change and the ambitious targets set at COP26.
• Decarbonisation is an emerging concept of green mobility that ensures to reduce the carbon footprint that results from vehicular emissions.
• The transport industry constitutes the third largest contributor of greenhouse gas emissions in India and accounts for 14% of the CO2 emissions.
• Therefore, it is a matter of essence to decarbonise the transport sector with active involvement of the stakeholders and strategic investments boosting a speedy transition to 100% zero emission vehicles. The workshop exemplifies a welcoming start towards a low carbon and sustainable future.