The coordination of climate finance in India
In India, institutional arrangements around climate finance have mostly followed national policy responses to climate change. This paper maps the emergence of climate change policy in India and subsequently traces the evolution of arrangements around climate finance. An early assessment of the climate finance landscape in India suggests that it is a highly complex and fragmented space with a multiplicity of institutions, actors, and channels of climate finance, both public and private, and domestic and international. The focus of this paper is to understand the processes of collaboration and coordination across the several actors that have a role to play in the national response to climate change policy and finance. In particular, the paper tries to determine the effectiveness of the domestic arrangements to access and manage climate finance, which are aimed at realizing national strategies that respond to climate change. In doing so, it takes lessons from India’s past experiences with accessing multilateral climate funds. Finally, this paper aims to highlight opportunities to strengthen coordination between the different institutions and actors, such that they contribute positively to the development of climate change policy and finance landscape in India.
Full paper also available on the ODI website.