India E-Mobility Financing Program
Category: MCF
Document Type: Gender Action Plan
India Launches E-Mobility Financing Program with GCF Investment on June 1, 2022
The India E-Mobility Financing Program (FP186), approved by the Green Climate Fund (GCF) on June 1, 2022, addresses the significant contribution of the transport sector to India's greenhouse gas (GHG) emissions (approximately 13% of total CO2), which is projected to rise due to population growth, industrialisation, and urbanisation. Recognizing the potential for decarbonization through electrification, the program aims to accelerate India's e-mobility transition. Its purpose is to provide tailored financing solutions for electric vehicle (EV) owners and operators, including support for ancillary areas like charging infrastructure. The goal is to rapidly reduce the long-term cost of EV ownership to a level comparable with conventional vehicles. A key component is the mobilization of significant private sector institutional capital, marking this as GCF's first purely private sector transport program in the e-mobility sector. While the program was approved on June 1, 2022, a Gender Action Plan for the program was finalized on April 13, 2022, referencing the GCF's Gender Policy as an applicable framework. The provided text does not detail specific Indian regulations or statutes governing e-mobility or financing, nor does it list future compliance dates or deadlines for the program's implementation beyond its approval date.
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FP186: India E-Mobility Financing Program India | Macquarie Alternative Assets Management Limited | B.32 June 1, 2022 Gender Action Plan for E- Mobility Financing Program Macquarie Infrastructure & Real Assets Final Report India Pvt. Ltd. Date: 13 April 2022 Project No.: 0601402 www.erm.com The business of sustainability Document details The details entered below are automatically shown on the cover and the main page footer. PLEASE NOTE: This table must NOT be removed from this document. Document title Gender Action Plan for E-Mobility Financing Program Document subtitle Final Report Project No. 0601402 Date 13 April 2022 Version 1.0 Author ERM India Private Limited Client Name Macquarie Infrastructure & Real Assets India Pvt. Ltd. Document history ERM approval to issue Version Revision Author Reviewed by Name Date Comments Final 1.0 Karishma Reela Mishra, Ajay Pillai 13.04.22 Sharma Ajay Pillai www.erm.com Version: 1.0 Project No.: 0601402 Client: Macquarie Infrastructure & Real Assets India Pvt. Ltd. 13 April 2022 Signature Page 13 April 2022 Gender Action Plan for E-Mobility Financing Program Final Report Ajay Pillai Reela Mishra Partner Principal Consultant ERM India Private Limited Building 10 B, 3rd Floor, DLF Cyber City, Gurgaon, NCR – 122002 Tel: 91 124 417 0300 Fax: 91 124 417 0301 © Copyright 2022 by ERM Worldwide Group Ltd and/or its affiliates (“ERM”). All rights reserved. No part of this work may be reproduced or transmitted in any form, or by any means, without the prior written permission of ERM. www.erm.com Version: 1.0 Project No.: 0601402 Client: Macquarie Infrastructure & Real Assets India Pvt. Ltd. 13 April 2022 GENDER ACTION PLAN FOR E-MOBILITY FINANCING PROGRAM CONTENTS Final Report CONTENTS
Tags: Air Pollution, Climate Change, Climate Finance, Climate Fund, Electricity, Electromobility, Energy Transition, Evs, Finance, Funding, Gender, Ghg, Green Investments, Infrastructure, Investment, Mitigation, Road, Transport
Sector: Private