DEVELOPING FINANCING STRATEGIES FOR IMPLEMENTING THE STATE ACTION PLANS ON CLIMATE CHANGEResearch Team: Koyel Mandal, Sunanda Rathi, Vivek Venkataramani
LEAD Centre: Centre for Development Finance (CDF)
Focus Area: Environment & Climate Change
Project Geography: India
Partner: Department for International Development (DFID)
The project, “Developing Financing Strategies for Implementing the State Action Plans on Climate Change,” aims at developing strategies to raise funds in order to assist the Central and State Governments in India to implement the State Action Plans on Climate Change (SAPCC) in an effective and efficient manner. This report is a high level strategy document based on interim findings from the project. It is based on a combination of interviews with experts and the authors’ own research and expertise. This report primarily focuses on ways for States to access and leverage Central Government funds, thus, reviews the strengths and weaknesses of the current State Plans. It makes a detailed comparative assessment of select SAPCCs and some of the sectoral strategies therein with the corresponding national missions under the National Action Plan on Climate Change. The views of experts regarding challenges and opportunities to raise resources for implementation of the SAPCCs have been distilled and presented as high level strategies. This report also provides an analysis of various institutional arrangements for Centre-State disbursement of funds for climate change based on expert evaluations. It is hoped that the outputs of the report will enable both national and sub-national governments in better understanding some of the issues with the current State Plans and developing effective strategies when they start implementing some of these activities. Further, it will provide actionable insights to State Governments for a meaningful engagement with various actors to better target the State-specific requirements.