Enhancing India’s Readiness to Climate Finance

More documents

Recommendations

Info

Enhancing India’s readiness to access and deliver international climate finance Figure 4.1: Climate finance Readiness Framework The Readiness Framework is a combination of four functions performed by key actors, agents and institutions, who require specific skills and competencies to perform these functions The Readiness Framework is built around TNC’s four ‘functions’ of readiness – political, strategic, financial, and MRV – that a country must exhibit in order to be adequately prepared to access and deliver large volumes of climate finance. These four functions have been grouped into three in this report, as there is substantial overlap between the political and strategic functions. Each of these functions are underpinned by skills, competencies, and experiences relating to planning, management, and implementation – all of which are embedded in existing institutions, agencies and actors within a country. Taking a holistic view, the Framework incorporates ODI’s ‘3R’ Framework, ensuring that recommendations to improve readiness consider the country’s specific constraints and barriers. This approach is: relative (taking a country’s socioeconomic and geopolitical characteristics into account), responsive (to its particular needs, priorities, and challenges), and reasonable (in terms of having identified the key issues and challenges at hand, and recommending practical steps that can be taken to address these considerations). The functions of readiness provide an overview of the key elements of a country’s national response to climate change. The degree to which these functions have been implemented in a country provides a snapshot of whether that country has the capacity to fully access and use climate finance to implement its flagship national climate strategies. Based on TNC’s classification, the activities captured under each of these functions include (but are not limited to) the following: Political & Strategic Functions Establish a national climate strategy & oversee its alignment with national development plans Mainstream climate change into national policy agendas Align institutional management of climate change with climate finance strategies Identify priority actions, sectors, and regions for the national climate change strategy Allocate national budgetary resources for climate-related programmes Support the design and implementation of actions of the national climate change strategy Ref: Ricardo-AEA/R/ED59216/Final Report 21
Enhancing India’s readiness to access and deliver international climate finance Coordinate the design, development and implementation of sectoral NAMAs Improve regulatory environment for investment in climate-related activities Promote capacity-building in public sector institutions at the national, regional & sectoral level Financial Function Coordinate the access of international climate finance from new and existing sources Coordinate climate finance delivery through multiple instruments, delivery modalities, and executing agencies (e.g. DFIs, government departments, NGOs, and private sector actors) Develop a pipeline of projects that can be used to attract climate-related investment Develop financial products and instruments for climate-related projects and programmes Deliver climate finance projects at the local level, ensuring that projects and programmes adhere to appropriate fiduciary standards and environmental and social safeguards MRV Function Report on the activities, products, results, and goals achieved in the implementation of national climate change strategies/policies Report the impact of climate finance from domestic, private, and international sources on emissions reduction and vulnerability reduction Report to donors and UNFCCC on financial flows as per established requirements 4.4 Evaluation criteria for the Readiness Framework At a theoretical level, the Readiness Framework developed for this report goes beyond existing models of climate finance readiness, combining the strongest elements of each into one holistic Framework. What sets Framework apart, however, is that it can be applied to a given country to determine how ready that country is to access and deliver climate finance. Figure 4.2: Applying the readiness framework with Tier 1 & Tier 2 indicators Ref: Ricardo-AEA/R/ED59216/Final Report 22
Page 1 and 2: Enhancing India’s readiness to ac
Page 5 and 6: Acknowledgements Enhancing India’
Page 9 and 10: STRENGTHS Enhancing India’s readi
Page 39: 4.2 Readiness Framework overview En
Page 55 and 56: 5.5.2 Detailed scoring of Tier 1 in
Page 91 and 92:
Enhancing India’s readiness to ac
Page 93 and 94:
Page 95 and 96:
Page 97 and 98:
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
show all

Enhancing India’s Readiness to Climate Finance

Create successful ePaper yourself

Delete template?

Save as template?