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🌏The regional conference of the NDC Transport Initiative for Asia (NDC TIA) ‘Low-Carbon Prosperity in Progress: Transforming Transport in Asia’ was held in Bangkok last week. The conference convened government representatives, practitioners, and civil society to discuss the way forward for decarbonizing the transport sector.   WRI India was represented by Aparna Vijaykumar and Parveen Kumar, PhD. While Aparna spoke about improving access to climate finance for low-carbon transport, Parveen participated in two panels, focusing on India's resilient supply chain for future battery production and minimizing the use of non-renewable energy sources in the transportation sector.   Global climate finance reached USD 1.3 trillion in 2021-22, of which the transport sector received 29%, with most of the funding directed towards road infrastructure. Aparna highlighted that one of the major barriers in climate finance is the lack of economic appraisals that incorporate sustainability criteria, allowing for assessments based on credit history.   Parveen spoke how circularity within the lithium-ion battery ecosystem could significantly reduce global mining demand by 2040 and achieve a 17% reduction in the life cycle emissions of batteries. He also emphasized India's efforts to boost domestic EV manufacturing, through government Production-Linked Incentive schemes, and the focus on establishing platforms like e-FAST (Electric Freight Accelerator for Sustainable Transport) that supports both multi-stakeholder collaboration and research.   #TransportinNDCs #ForumforDecarbonisingTransport #ClimateFinance #SustainableTransport #NDCTIA #eFAST World Resources Institute | Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH | ITF - International Transport Forum | The International Council on Clean Transportation | Agora Verkehrswende | SLOCAT Partnership on Sustainable, Low Carbon Transport | REN21 | International Climate Initiative | Federal Ministry for Economic Affairs and Climate Action | Urda Eichhorst

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