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/
Enhancing India’s readiness to access and deliver international climate finance Annex I – Selection criteria for detailed analysis of multilateral funds Of the eight multilateral climate funds that India is currently eligible to access, this report goes into specific detail on three – the Adaptation Fund, Clean Technology Fund and the GEF Trust Fund. These three funds were selected using multi-criteria analysis; the criteria and scorings are outlined in Table I.1 below. Funds with at least three of the criteria were selected. Although the report does not focus on adaptation, the AF’s piloting of ‘direct access’ holds important lessons for the design of the GCF, and is therefore included in the report. Table I.1: Multi-criteria analysis for selection of multilateral funds examined in the report Criteria AF CMI CTF GEEREF GEF* PMR UN-REDD 1. Large amount of funding received by India X X X X X 2. Innovative delivery mechanism X X X X X X 3. Availability of information X 4. Sectoral relevance to project goals X X X X 5. Team expertise X X X *Note that the GEF category includes the GEF Trust Fund and the SCCF, which is also administered by the GEF Ref: Ricardo-AEA/R/ED59216/Final Report 61
Enhancing India’s readiness to access and deliver international climate finance Annex II – List of multilateral and bilateral funds analysed for the report International Source of Climate Finance Type Indian Eligibility? Adaptation Fund Multilateral ADB Carbon Market Initiative Multilateral Amazon Fund Bilateral X ASEAN Infrastructure Fund Multilateral X Australia's International Forest Carbon Initiative Bilateral Carbon Finance for Agriculture, Silviculture, Conservation, and Action against Deforestation Multilateral X Clean Technology Fund Multilateral Congo Basin Forest Fund Multilateral X Forest Carbon Partnership Facility - Carbon Fund Multilateral X Forest Carbon Partnership Facility - Readiness Fund Multilateral X Forest Investment Programme Multilateral X GEF Trust Fund (GEF 4) Multilateral GEF Trust Fund (GEF 5) Multilateral Germany's International Climate Initiative Bilateral Global Climate Change Alliance Multilateral X Global Energy Efficiency and Renewable Energy Fund Multilateral Green Climate Fund Multilateral Indonesia Climate Change Trust Fund Bilateral X Japan's Fast Start Finance Bilateral Least Developed Countries Fund Multilateral X Nordic Climate Facility Multilateral X Norwegian International Climate and Forest Initiative Bilateral X Partnership Market readiness Multilateral Pilot Programme for Climate Resilience Multilateral X Scaling Up Renewable Energy Programme Multilateral X Special Climate Change Fund Multilateral UK's International Climate Fund Bilateral UN-REDD Multilateral Ref: Ricardo-AEA/R/ED59216/Final Report 62
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<strong>Enhancing</strong> <strong>India’s</strong> readiness <strong>to</strong> access and deliver international climate finance<br />
Annex II – List of multilateral and bilateral<br />
funds analysed for the report<br />
International Source of <strong>Climate</strong> <strong>Finance</strong> Type Indian Eligibility?<br />
Adaptation Fund Multilateral <br />
ADB Carbon Market Initiative Multilateral <br />
Amazon Fund Bilateral X<br />
ASEAN Infrastructure Fund Multilateral X<br />
Australia's International Forest Carbon Initiative Bilateral <br />
Carbon <strong>Finance</strong> for Agriculture, Silviculture, Conservation,<br />
and Action against Deforestation<br />
Multilateral<br />
X<br />
Clean Technology Fund Multilateral <br />
Congo Basin Forest Fund Multilateral X<br />
Forest Carbon Partnership Facility - Carbon Fund Multilateral X<br />
Forest Carbon Partnership Facility - <strong>Readiness</strong> Fund Multilateral X<br />
Forest Investment Programme Multilateral X<br />
GEF Trust Fund (GEF 4) Multilateral <br />
GEF Trust Fund (GEF 5) Multilateral <br />
Germany's International <strong>Climate</strong> Initiative Bilateral <br />
Global <strong>Climate</strong> Change Alliance Multilateral X<br />
Global Energy Efficiency and Renewable Energy Fund Multilateral <br />
Green <strong>Climate</strong> Fund Multilateral <br />
Indonesia <strong>Climate</strong> Change Trust Fund Bilateral X<br />
Japan's Fast Start <strong>Finance</strong> Bilateral <br />
Least Developed Countries Fund Multilateral X<br />
Nordic <strong>Climate</strong> Facility Multilateral X<br />
Norwegian International <strong>Climate</strong> and Forest Initiative Bilateral X<br />
Partnership Market readiness Multilateral <br />
Pilot Programme for <strong>Climate</strong> Resilience Multilateral X<br />
Scaling Up Renewable Energy Programme Multilateral X<br />
Special <strong>Climate</strong> Change Fund Multilateral <br />
UK's International <strong>Climate</strong> Fund Bilateral <br />
UN-REDD Multilateral <br />
Ref: Ricardo-AEA/R/ED59216/Final Report<br />
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