Financing State Climate Action in Gujarat and Madhya Pradesh

Financing State Climate Action in Gujarat and Madhya Pradesh
Sector:Climate Policy Undertaken By:Institute of Financial Management and Research Year Published:2017

States will play a key role in meeting the targets set under the NDCs. Many states have prepared State Action Plans on Climate Change (SAPCCs) and initiated other climate relevant measures. An enormous amount of funding is required to meet these goals, and states can access some of this funding from sources like centrally sponsored schemes and dedicated domestic and international climate funds like the Green Climate Fund (GCF) and the Global Environment Facility (GEF). Now states must begin to identify various funding sources and target these sources based on their specific needs.The report documents initiatives that the states of Gujarat and Madhya Pradesh have undertaken to finance their climate actions and action plan which the States can refer to while developing concept notes to select climate funds, in particular the NAFCC. The report also provides suggestions on potential areas for the NABARD to further its State level engagement in enabling financing of climate actions.