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Automated Digitalised MRV system for eMobile projects
The Bank is currently developing a programme that would help its countries of operation to accelerate the mass adoption of electric vehicles (EV), by promoting the transfer of emerging electric mobility technologies, thereby increasing their market penetration. This will directly lead to reduced greenhouse gas (GHG) emissions through the substitution of internal combustion vehicles utilising fossil-based motor fuels with EVs using electric energy.
One of the instruments considered for deployment under the programme is a results-based payment structure wherein payments to electric bus (e-bus) operators would be linked to the actual GHG savings achieved by e-buses which are effectively proportionate to the mileage driven by e-buses See exec summary asset)
- Related keywords
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- green
- sustainable
- renewaable
- banking
- finance
- MRV
- Monitoring
- reporting
- and verification system
- fossil fuels
- electric energy
- Market size of collaboration business or business scale
- According to the United Nations, delays in tackling this issue could cost companies nearly $1.2 trillion over the next 15 years.
- Assets and opportunities to be offerred
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Include attached exec summary
Digitalised Monitoring, Reporting and Verification (D-MRV) system should include::- - digitise project monitoring by directly acquiring actual project performance data (i.e. electricity used and km driven by e-buses);
- - automate calculation and verification of climate results (i.e. GHG emission reductions) based on a pre-defined methodology;
- - streamline reporting of project climate results internally, to donors and other relevant parties for compliance with reporting requirements;
- - enable projects to measure, verify and, where feasible, support issuance of certified environmental attributes (such as carbon credits).
