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 />
Annex I – Selection criteria for detailed<br />
analysis of multilateral funds<br />
Of the eight multilateral climate funds that India is currently eligible <strong>to</strong> access, this report goes in<strong>to</strong><br />
specific detail on three – the Adaptation Fund, Clean Technology Fund and the GEF Trust Fund.<br />
These three funds were selected using multi-criteria analysis; the criteria and scorings are outlined in<br />
Table I.1 below. Funds with at least three of the criteria were selected. Although the report does not<br />
focus on adaptation, the AF’s piloting of ‘direct access’ holds important lessons for the design of the<br />
GCF, and is therefore included in the report.<br />
Table I.1: Multi-criteria analysis for selection of multilateral funds examined in the report<br />
Criteria AF CMI CTF GEEREF GEF* PMR UN-REDD<br />
1. Large amount of funding received by India X X X X X<br />
2. Innovative delivery mechanism X X X X X X<br />
3. Availability of information X <br />
4. Sec<strong>to</strong>ral relevance <strong>to</strong> project goals X X X X<br />
5. Team expertise X X X<br />
*Note that the GEF category includes the GEF Trust Fund and the SCCF, which is also administered by the GEF<br />
Ref: Ricardo-AEA/R/ED59216/Final Report<br />
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