Climate Finance

Climate Finance

By KOYEL KUMAR MANDAL
in India in a Warming World: Integrating Climate Change and Development
Edited by Navroz K Dubash
Oxford University Press
2019

This chapter focuses on the evolution of the concept of climate finance in India, reviews India’s current efforts at mobilizing finance for mitigation and adaptation from various sources, analyses the major drivers behind the flow of such funds, and discusses institutional arrangements around climate finance and their implications.

The chapter discusses difficulties in estimating India’s climate finance flow and needs, driven in part by lack of clarity on what counts as climate finance. Although India has been able to leverage funds from a variety of sources, the quantum of funds is inadequate, given the large requirements. The key challenge will be to coordinate these multiple actors and channels of climate finance, and enable them to integrate with larger policy processes in order to secure and deliver climate finance that serves India’s interests and is truly transformational in its impact.

India in a Warming World is open-access. To view the complete table of contents, read other chapters in this book, and learn more about the editor and the authors, click here. The book is freely downloadable as a PDF from the Oxford University Press website. The link to this PDF is given below: