Although the market is taking…
Hedge funds betting on an…
India has the most polluted cities in the world, and it’s fully aware of this. The increased use of vehicles in recent years has turned the transport sector into the second largest contributor of CO2 emissions.
The Ministry of Environment & Forests and the Ministry of Urban Development have launched a project called ‘Promoting Low Carbon Transport in India’. It is the first ever transportation project to be financed by the United Nations Environment Project (UNEP), and will see the Indian Institute of Management, Ahmedabad (IIM-A), Center for Environmental Planning and Technology (CEPT) University, and Indian Institute of Technology, Delhi (IIT-D) work together to help reduce carbon emissions in India’s cities.
The institutions will cooperate at a national level to try and create a working, efficient, sustainable transport system across the whole country. According to Cleantechnica, CEPT will focus on inclusiveness and mobility; IIT-D will design the technological aspects; and IIM-A will draw up an integrated plan for using a low carbon transport system in the cities.
If successful, India’s low carbon transport initiative will become a model to inspire other developing countries who may want to create their own low carbon transport systems.
By. Joao Peixe of Oilprice.com
Joao is a writer for Oilprice.com