Climate Policy Initiative (CPI) India’s Center for Sustainable Finance (CSF) has unveiled its latest report titled ‘Financing Adaptation in India,’ emphasising the urgent need for increased investments in adaptation to mitigate the adverse effects of climate change in the country.
India, with its diverse geographical and socio-economic landscape, faces significant vulnerability to climate change impacts.The report underscores the critical importance of adaptation investments, estimating the financial requirements of states across India and identifying funding gaps.
Malini Chakravarty, lead author of the report, stressed the necessity of exploring innovative financing solutions to address the pressing issue. She highlighted the potential of a multi-faceted approach, including tax devolution principles shaped by the Finance Commission to direct resources to climate-vulnerable states and districts.
Dr Dhruba Purkayastha, India Director at Climate Policy Initiative India, emphasised the need for policy and institutional prioritization of adaptation, particularly in vulnerable states. He urged for the mainstreaming of adaptation investments through budget allocations and leveraging public finance to attract commercial investments.
The report provides a comprehensive assessment of adaptation investment needs and funding gaps in states that have updated their State Action Plans on Climate Change (SAPCCs). It offers valuable insights on mobilizing finance from public, private, and blended sources for adaptation efforts.
This timely publication serves as a crucial resource for policymakers, financiers, and stakeholders, highlighting the imperative to enhance adaptation investments in India to effectively address the challenges posed by climate change.
Climate Policy Initiative (CPI) is a global analysis and advisory organisation specialising in finance and policy. CPI India works to support India’s clean energy mission through various initiatives, including US India Clean Energy Finance (USICEF), India Clean Energy Finance (ICEF), and capacity building programs such as the Center for Sustainable Finance (CSF).
India, with its diverse geographical and socio-economic landscape, faces significant vulnerability to climate change impacts.The report underscores the critical importance of adaptation investments, estimating the financial requirements of states across India and identifying funding gaps.
Malini Chakravarty, lead author of the report, stressed the necessity of exploring innovative financing solutions to address the pressing issue. She highlighted the potential of a multi-faceted approach, including tax devolution principles shaped by the Finance Commission to direct resources to climate-vulnerable states and districts.
Dr Dhruba Purkayastha, India Director at Climate Policy Initiative India, emphasised the need for policy and institutional prioritization of adaptation, particularly in vulnerable states. He urged for the mainstreaming of adaptation investments through budget allocations and leveraging public finance to attract commercial investments.
The report provides a comprehensive assessment of adaptation investment needs and funding gaps in states that have updated their State Action Plans on Climate Change (SAPCCs). It offers valuable insights on mobilizing finance from public, private, and blended sources for adaptation efforts.
This timely publication serves as a crucial resource for policymakers, financiers, and stakeholders, highlighting the imperative to enhance adaptation investments in India to effectively address the challenges posed by climate change.
Climate Policy Initiative (CPI) is a global analysis and advisory organisation specialising in finance and policy. CPI India works to support India’s clean energy mission through various initiatives, including US India Clean Energy Finance (USICEF), India Clean Energy Finance (ICEF), and capacity building programs such as the Center for Sustainable Finance (CSF).
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