Innovative financial solutions and supportive government policies “are essential” to securing the private-sector investment needed to build battery supply chains and transition to low-carbon road transport in the UK. A new report from Coalition for the Decarbonisation of Road Transport (CDRT) says de-risking mechanisms such as guarantees and other financing solutions are already being piloted. The report says organisations across the battery supply chain find it hard to secure the high levels of funding needed to scale up because battery developments are often considered high risk. The CDRT was established by the Green Finance Institute as an expert multi-stakeholder group focused on identifying promising market solutions to scale up the investment in zero-emission road transport and supporting infrastructure.
🚨 Out now! 🚨@GFI_green's #CDRT has released a new report that highlights the opportunity for private finance to invest in the burgeoning global demand for EV batteries, which will underpin the future of road transport.
— Green Finance Institute (@GFI_green) May 10, 2022