[{"bbox": [96, 153, 1160, 206], "category": "Text", "text": "targetted. Another priority is the development of a renewable hydrogen ecosystem incl. first hydrogen valleys in India."}, {"bbox": [96, 222, 1160, 308], "category": "Text", "text": "Both for off-shore wind and hydrogen, the EU will also monitor the introduction or maintenance by India of barriers to access for EU companies in the sectors, and will take into account the degree of openness of markets in the overall assessment of the cooperation and support activities."}, {"bbox": [96, 320, 1160, 864], "category": "Text", "text": "Under the **sustainable finance** objective, the Action will specifically contribute to the **political and technical dialogue of the entire ecosystem**, by developing and implementing responsible financial dialogues under the Sustainable Finance Facility (SFF) set-up by the Ministry of Finance, supporting sustainable financial practices among sector players (regulators, supervisors, banks, financial institutions), building resilience for the low-carbon transition. SMEs and MSMEs will also be targeted to make sure they are part of the dialogue and can benefit from climate finance fundings and investments required for their green transition. The SFF initiative aligns with the EU's Sustainable Finance Strategy²⁶ to support the development of other sustainability-related financial instruments and products than green bonds and improve access to capital for sustainable activities. This would make the SFF the only platform in India that would be focused on providing catalytic support to design blended and innovative finance structures that aim to crowd in private capital to meet India's SDGs targets. The SFF will target multiple sectors where co-benefits are linked to environment and climate objectives. The instruments will be targeted towards inclusive sustainable investments and the sectors may include agriculture, disaster resilience, and Water, sanitation and Hygiene (WASH), etc with gender as a cross-cutting focus across different thematic areas. The Action will be complemented by the **EU Sustainable Finance Advisory Hub** (supporting the Global Green Bonds Initiative), a global technical assistance facility to be launched by the EU. Such alignment will ensure quick and easy access to EU stakeholders to engage with Indian counterparts in the framework of the implementation of India's Sustainable Finance Roadmap and support capacity building activities related to standards and certifications. The Team Europe approach will be pursued in the sector including by supporting the GIFS, a dedicated Indo-European platform for the Indian financial system to invest in the country's low-carbon transition, an initiative supported by France."}, {"bbox": [96, 877, 1160, 1073], "category": "Text", "text": "The Action will support **sustainable agri-food systems** in one selected state in India (probably Rajasthan) to promote:\n1. Upstream: district-level and village-level enabling environments for profitable, sustainable and diverse production consistent with all agro-ecology tenets and existing commitments on climate, water, biodiversity and soils;\n2. Downstream: Short-value chains, traceability, labelling and trade of biodiversity-friendly products and commodities. Such market incentives should contribute to climate-resilient ecosystems and improved soil fertility. This could as well offer an opportunity for better use of bio-waste (hence reducing air pollution) and access to local and export markets."}, {"bbox": [96, 1089, 1160, 1146], "category": "Text", "text": "iii) Catalysing future opportunities of state level financing for full-state conversion into agro-ecology, agroforestry and organic farming, where relevant, inspired by other similar action in other Indian states."}, {"bbox": [96, 1160, 1160, 1245], "category": "Text", "text": "Overall, both clean energy and sustainbale agri-food actions will benefit from the development of sustainable finance in India. Moreover, all components of this Action will be implemented in close synergies with the gender programme, WeEmpower identifying complementaries and synergies."}, {"bbox": [96, 1257, 1160, 1457], "category": "Text", "text": "Finally, a **Team Europe approach** will be implemented not only to deliver on the Action outcomes and expected results within the defined timeline, but also to build the foundation of effective long-term EU-India networks and partnerships as well as future investments priorities, which will enable both the EU and Indian partners in public and private to have higher impact, at larger scale, in more Indian states. A well-coordinated, effective Team Europe approach will be implemented to mobilise more resources (financial, human, technical, technological), both to gain efficiency in our engagement and influence as the EU with our Indian partners, and to benefit the people and the planet, at larger scale, within and beyond India."}, {"bbox": [85, 1548, 441, 1572], "category": "Footnote", "text": "²³ https://mnre.gov.in/wind/offshore-wind/"}, {"bbox": [85, 1572, 273, 1596], "category": "Footnote", "text": "²⁴ https://coe-osw.org/"}, {"bbox": [85, 1596, 262, 1620], "category": "Footnote", "text": "²⁵ https://niwe.res.in/"}, {"bbox": [85, 1620, 1129, 1644], "category": "Footnote", "text": "²⁶ https://eur-lex.europa.eu/resource.html?uri=cellar:9f5e7e95-df06-11eb-895a-01aa75ed71a1.0001.02/DOC_1&format=PDF"}, {"bbox": [1027, 1681, 1144, 1706], "category": "Page-footer", "text": "Page 23 of 34"}]