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 4.3: Detailed Tier 1 & Tier 2 indica<strong>to</strong>rs for the MRV function of the readiness framework<br />
MRV Function<br />
Tier 1 Indica<strong>to</strong>rs<br />
1. MRV of domestic climate finance<br />
Are there systems and structures in place<br />
<strong>to</strong> conduct MRV of domestic public climate<br />
finance?<br />
Tier 2 Indica<strong>to</strong>rs<br />
1.1 Have efforts been made <strong>to</strong> identify, track and report<br />
climate-related spending in the national budget?<br />
1.2 Are public institutions able <strong>to</strong> track the impact<br />
(emissions, vulnerability reduction) of major domestic<br />
climate-related investments?<br />
2. MRV of private climate finance<br />
Are there systems and structures in place<br />
<strong>to</strong> conduct MRV of private climate finance?<br />
3. MRV of international climate finance<br />
Are there systems and structures in place<br />
<strong>to</strong> conduct MRV of international climate<br />
finance?<br />
2.1 Have efforts been made <strong>to</strong> identify, quantify and report<br />
private investment in low carbon and climate resilient<br />
approaches?<br />
2.2 Are private institutions able <strong>to</strong> track the impact<br />
(emissions, vulnerability reduction) of major climaterelated<br />
investments?<br />
3.1 Have efforts been made <strong>to</strong> identify, quantify and report<br />
external (international) finance for low carbon and<br />
climate resilient approaches?<br />
3.2 Have systems for measuring and reporting the impact<br />
(emissions, vulnerability reduction) of international<br />
climate finance been developed?<br />
Ref: Ricardo-AEA/R/ED59216/Final Report<br />
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