TYPE 1: Zero emissions transport and enabling infrastructure
Definition:
Zero direct emissions fleets including vehicles for road, track-bound transportation systems, and water transport and associated infrastructure essential to operating such vehicles.
Standards:
Direct tailpipe CO2 emissions of the moving assets are zero. Zero-emission vehicles include electric vehicles and fuel cell vehicles. Freight transport, including vehicles, train, wagons or vessels and infrastructure essential to operating such vehicles must not be dedicated to the transport or storage of fossil fuels. For associated infrastructure, project notification shall include description of the link between zero emissions vehicles and the infrastructure, including how it is essential to operating such vehicles.In order to obtain repayment terms longer than 18 years for vessels, Participants must use the common line procedures outlined in Articles 54-59 of the Arrangement. The proposal must justify why longer repayment terms are needed. The maximum repayment terms shall not exceed 22 years.
Maximum Repayment Term:
22 years for all transport and enabling infrastructure save vessels
18 years for vessels