India E-Mobility Financing Program

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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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Full text:

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
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Document details The details entered below are automatically shown on the cover and the main page footer.
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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

Original Source