Enhancing India’s Readiness to Climate Finance
India has taken several steps to improve its national response to climate change. India’s climate finance requirements, however, are very high, and will need to be met through a combination of public, private and international climate finance. See more at: http://shaktifoundation.in/
India has taken several steps to improve its national response to climate change. India’s climate finance requirements, however, are very high, and will need to be met through a combination of public, private and international climate finance. See more at: http://shaktifoundation.in/
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<strong>Enhancing</strong> <strong>India’s</strong> readiness <strong>to</strong> access and deliver international climate finance<br />
Table of contents<br />
Acknowledgements ............................................................................................................. v<br />
Executive summary .............................................................................................................vi<br />
Abbreviations .................................................................................................................. xviii<br />
1 Introduction ................................................................................................................ 1<br />
1.1 Context .............................................................................................................. 1<br />
1.2 Purpose of the report ......................................................................................... 1<br />
1.3 Approach ........................................................................................................... 2<br />
1.4 Scope of the report ............................................................................................. 2<br />
1.5 Structure of the report ........................................................................................ 3<br />
2 The landscape of international climate finance ....................................................... 4<br />
2.1 The complex landscape of international climate finance ..................................... 4<br />
2.2 Important multilateral sources of climate finance ................................................ 5<br />
2.3 New sources of international climate finance ...................................................... 8<br />
2.4 Expected trends on the future landscape of climate finance (2014 – 2020) .......10<br />
3 <strong>India’s</strong> climate finance track record .........................................................................11<br />
3.1 Institutional governance of climate change in India ...........................................11<br />
3.2 <strong>India’s</strong> experience accessing international climate finance ................................12<br />
3.3 Comparison with peer countries ........................................................................16<br />
3.4 <strong>India’s</strong> climate finance performance: High-level trends ......................................17<br />
4 Development of a climate finance <strong>Readiness</strong> Framework .....................................19<br />
4.1 What is climate finance readiness? ...................................................................19<br />
4.2 <strong>Readiness</strong> Framework overview .......................................................................20<br />
4.3 The climate finance <strong>Readiness</strong> Framework .......................................................20<br />
4.4 Evaluation criteria for the <strong>Readiness</strong> Framework ..............................................22<br />
5 Assessment of <strong>India’s</strong> climate finance readiness ...................................................27<br />
5.1 Methodology .....................................................................................................27<br />
5.2 <strong>India’s</strong> climate finance readiness scorecard ......................................................28<br />
5.3 Political & Strategic functions ............................................................................29<br />
5.4 Financial function ..............................................................................................32<br />
5.5 MRV function ....................................................................................................35<br />
5.6 <strong>Readiness</strong> Gaps ...............................................................................................36<br />
6 Lessons from peer developing countries ................................................................38<br />
6.1 Lessons & options for India <strong>to</strong> address its readiness gaps ................................38<br />
7 Recommendations <strong>to</strong> improve <strong>India’s</strong> climate finance readiness .........................47<br />
7.1 Recommendations ............................................................................................47<br />
7.2 The future climate finance delivery structure in India .........................................55<br />
References ..........................................................................................................................57<br />
Annex I – Selection criteria for detailed analysis of multilateral funds ..........................61<br />
Annex II – List of multilateral and bilateral funds analysed for the report .....................62<br />
Annex III – Bilateral CF received by India, 2012 ...............................................................63<br />
iii
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