PAYS (“Pay-as-You-Save”) has already been successfully applied to other climate solutions, overcoming barriers to investment at scale without imposing additional liabilities on customers (unlike loans or leases). In a PAYS for Clean Transport transaction:

A utility leverages its access to capital to invest in batteries and charging infrastructure for electric buses to reduce their upfront cost to customers, which accelerates electric bus procurement while expanding the utility’s revenue base.
A bus service provider agrees to pay a fixed charge on monthly electric bills that is less than estimated savings versus diesel, reducing operating expenses from day one without incurring additional balance sheet liabilities.

Read this publication to find out more about how the “Pay-as-You-Save” (PAYS) concept helps to promote clean and sustainable transport.