The partnership aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.
If approved and implemented effectively, this policy could see at least 80% of gasoline-powered ride-hailing motorbikes replaced with electric ones within the next two years.
Identifying effective mechanisms for successfully introducing a carbon market requires clear regulations, financial incentives, and international collaboration.