CLIMATE FINANCE AT THE SUB-NATIONAL LEVEL – THE CASE OF ODISHAResearch Team: Koyel Mandal, Shivaranjani.V, Sunanda Rathi, Vivek Venkataramani
LEAD Centre: Centre for Development Finance (CDF)
Focus Area: Environment & Climate Change
Project Geography: Odisha
Partner: Department for International Development (DFID), UK
This study aims to develop financing strategies that would assist the Central and State Governments in implementing the State Action Plans on Climate Change (SAPCC) in an effective and efficient manner. There are broadly three different sources of climate finance available to States: public (domestic), private and international public finance. Apart from raising additional funds for climate change, there also needs to be synergies among the various sources and better targeting of both existing and additional funds. Transparency regarding the flow and use of funds will increase coordination and cooperation among different funding sources, as well as better leveraging of scarce financial resources to achieve climate change goals. This report aims to help States and promote their efforts with regards to some of these issues. This report takes the Plans as written, conducts an in-depth analysis of their current expenditure pattern and proposed climate actions in order to develop strategies to fund the SAPCCs. Using Odisha (erstwhile Orissa) as a case study, this report develops some approaches and frameworks that could potentially be applicable to all States in order to analyse their proposed climate change activities and budgets.
REPORT – Climate Finance at the Sub-National Level- The Case of Odisha