Enhancing India’s Readiness to Climate Finance

Enhancing India’s readiness to access and deliver international climate finance
1.2 Are public institutions able to
track the impact (emissions,
vulnerability reduction) of
major domestic climate
related investments?
DFIs can track the emissions impact of individual programmes, but do not have the
mandate, capacity or coverage to do so on a broader level
• DFIs such as IREDA, SIDBI, and NABARD can track the emissions and resultant emissions
reduction of specific programmes.
• There is a growing trend of using indicators such as investments/ton of CO 2 reduction for
evaluating low carbon projects for investments
• However there is limited tracking of the emissions impact of national programmes. DFIs
don’t have the mandate, coverage, and capacity to holistically track the emissions
reduction impact of their large programmes.
• Estimating the impact of programmes/projects on vulnerability is not widely carried out –
and is mainly conducted by public science institutes.
1.5
2. MRV of private climate
finance
Are there systems and
structures in place to
conduct MRV of private
climate finance?
2.1 Have efforts been made to
identify, quantify and report
private investment in low
carbon and climate resilient
approaches?
There has been no systematic effort to track and quantify private sector CF in India.
Individual studies on private sector CV have been limited to RE
• There have been some market studies which capture information on RE or clean tech
finance. However these reports are limited in scope.
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2.2 Are private institutions able to
track the impact (emissions,
vulnerability reduction) of
major climate related
investments?
The private sector has the capacity to track and quantify impact of mitigation
programmes only. However this has only been done on a project-by-project basis,
and has not been applied more broadly
• A few clean tech focussed private funds track emissions and emissions reduction through
their investments. However these funds are limited in numbers, which means estimates
don’t cover all investments in India.
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• Due to the success of the CDM in India, the private sector has strong capacity to estimate
emission reductions.
• There is no known work done by the private sector to assess climate change vulnerability.
3. MRV of international
climate finance
Are there systems and
structures in place to
conduct MRV of international
3.1 Have efforts been made to
identify, quantify and report
external (international)
finance for low carbon and
climate resilient approaches?
International flows in India are not systematically tracked and reported
• Some studies have been initiated recently to track and quantify international climate
finance. However as of now not much information is available and international flows are
not systematically being tracked by the GoI.
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Ref: Ricardo-AEA/R/ED59216/Final Report
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